KUALA LUMPUR (Oct 31): Public Bank’s wholly-owned subsidiary, Public Mutual, declares distributions totalling more than RM312 million for nine of its funds.
In a statement Friday, Public Mutial said the total gross distributions declared for the financial year /period ending 31 October 2014 are as follows:
The fund manager said Public Industry Fund aims to achieve a high level of capital appreciation over the medium- to long-term period through investments in growth industries, whereas Public Sector Select Fund seeks long-term capital appreciation by investing in a portfolio of securities from selected market sectors in the domestic market. Both Public Industry Fund and Public Sector Select Fund are open for EPF Members Investment Scheme.
Meanwhile, Public Equity Fund aims to achieve capital growth through the aggressive selection of growth stocks from diversified economic sectors.
Public South-East Asia Select Fund and Public Asia Ittikal Fund are both regional equity funds. Public South-East Asia Select Fund seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments in South-East Asia markets, whereas Public Asia Ittikal Fund is a Shariah-based fund which aims to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments in domestic and regional markets that complies with Shariah requirements. Public Asia Ittikal Fund won the best Equity Asia Pacific fund award in the 3 years and 5 years categories at The Edge-Lipper Malaysia Fund Awards 2014.
Public Islamic Dividend Fund, on the other hand, provides income by investing in a portfolio of stocks that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. Public Islamic Dividend Fund is also open for EPF Members Investment Scheme.
In the balanced fund category, PB Australia Dynamic Balanced Fund seeks to achieve income and capital growth over the medium to long-term period by investing up to 60% in equities primarily in the Australian market. The balance of the fund’s NAV is invested in fixed income securities and liquid assets.
PB Asia Real Estate Income Fund, on the other hand, gives investors the opportunity to participate in the growth prospects of Asia’s property sector and real estate investment trusts (REITs). PB Asia Real Estate Income Fund provides free insurance coverage of up to RM100,000 per qualified unitholder. Terms and conditions apply. PB Asia Real Estate Income Fund won the best Mixed Asset Malaysian Ringgit Balanced – Global fund award in the 3 years and 5 years categories at The Edge-Lipper Malaysia Fund Awards 2014.
Public Islamic Bond Fund is a Shariah-based bond fund which aims to provide annual income to investors through investment in Islamic debt securities. Public Islamic Bond Fund is an award-winning fund, having received a total of 23 awards in its category, the most recent ones are from The Edge-Lipper Malaysia Fund Awards, Lipper Global Islamic Fund Awards, Dubai, and Morningstar Malaysia Fund Awards.
As at end-September 2014, the total net asset value of the funds managed by Public Mutual was RM62.3 billion.