Public Mutual declares RM89m distributions for 6 funds

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KUALA LUMPUR (Jan 30): Public Bank Bhd's unit trust arm Public Mutual Bhd has declared gross distributions totalling RM89 million for six funds for the financial year ending Jan 31, 2018.

In a statement today, Public Mutual said the distribution for Public Index Fund was 2 sen per unit, Public Islamic Optimal Growth Fund 0.75 sen per unit and Public Islamic Emerging Opportunities Fund 0.25 sen per unit.

It also declared distribution of 4.5 sen per unit for Public Enhanced Bond Fund, 3.1 sen per unit for Public Money Market Fund and one sen per unit for PB Dividend Builder Equity Fund.

Public Mutual, the country's largest private unit trust company, has more than 130 unit trust funds under its management. It also manages nine Private Retirement Scheme funds.

As at end-December 2017, the fund size managed by the company stood at RM81.4 billion, with over 3.7 million accountholders.