PUBLIC BANK’S wholly-owned subsidiary, Public Mutual, today declared distributions for six unit trust funds. The gross distributions for the financial year ended April 30, 2015, are as follows:
Fund | Gross Distribution/Unit |
PB Dynamic Allocation Fund | 6 sen |
Public Islamic Dividend Fund | 1 sen |
Public Islamic Asia Dividend Fund | 1 sen |
Public Far-East Telco & Infrastructure Fund | 1.5 sen |
Public Far-East Balanced Fund | 0.2 sen |
Public Select Mixed Asset Conservative Fund | 0.2 sen |
PB Dynamic Allocation Fund aims for capital growth over the medium to long term by investing in equities and fixed income securities in domestic and foreign markets.
Public Islamic Dividend Fund, which is open to the EPF Members Investment Scheme, seeks to provide income by investing in a portfolio of stocks that comply with shariah requirements and have the potential to offer attractive dividends.
Public Islamic Asia Dividend Fund aims to provide income by investing in a portfolio of stocks in domestic and regional markets that comply with shariah requirements and which have the potential to offer attractive dividends.
Public Far-East Telco & Infrastructure Fund aims for capital growth over the medium to long term by investing in securities, mainly equities, in the telecommunications, infrastructure and utilities sectors in Far East markets.
Public Far-East Balanced Fund seeks to provide income and capital growth over the medium to long term. The fund provides free insurance coverage of up to RM100,000 per qualified unit holder (terms and conditions apply).
Public Select Mixed Asset Conservative Fund aims to provide income and achieve capital growth over the medium to long term, primarily through a portfolio allocation across fixed income securities and equities.
Public Mutual is Malaysia’s largest private unit trust company with more than 100 unit trust funds under management. It is an approved Private Retirement Scheme (PRS) provider, managing six PRS funds. It has over 3.1 million account holders. As at end-March, the total fund size managed by the company was RM65.7 billion.