KUALA LUMPUR: Public Bank Bhd’s wholly-owned subsidiary Public Mutual Bhd has declared distributions for 10 of its unit trust funds for the financial year ended May 31 (FY15).

Its Public Ittikal Fund had the largest gross distribution of six sen per unit, while the Public Islamic Equity Fund and Public Islamic Select Treasures Fund’s distributions were 2.65 sen and two sen per unit respectively.

The Public Regional Sector Fund saw a gross distribution of three sen per unit; the Public Far-East Select Fund, which contains investments in blue-chips and growth stocks in domestic and regional markets, distributed 1.5 sen per unit, while the Public Global Select Fund, which invests in equities and collective investment schemes in domestic and global markets, had a gross distribution of 0.75 sen per unit.

The Public Dividend Select Fund had a gross distribution of one sen per unit, while the Public Balanced Fund had a gross distribution of 3.25 sen per unit.

The Public Select Bond Fund saw a gross distribution of 3.5 sen per unit, while the PB Asean Dividend Fund, which won the best Equity Asean fund for the three years and five years category at The Edge-Lipper Malaysia Fund Awards 2015, had a gross distribution of 2.25 sen per unit.

The PB Asean Dividend Fund is distributed via Public Bank branches nationwide, whereas the rest of the funds are distributed by Public Mutual’s unit trust consultants, said Public Mutual in its statement yesterday.

As at end-April 2015, Public Mutual’s total fund size was RM65.7 billion.

This article first appeared in The Edge Financial Daily, on June 25, 2015.