Friday 29 Mar 2024
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Public Bank’s wholly-owned subsidiary, Public Mutual Bhd, has declared distributions for four of its funds for the financial year ending 31 January 2015. 

PB Enhanced Bond Fund and PB Index Fund are distributed at 5.00 sen per unit respectively, PB Money Market Fund, is distributed at 2.50 sen per unit and PB Islamic Optimal Growth Fund declared at 1.75 sen per unit.

Public Index Fund is an equity fund that seeks to achieve long-term capital appreciation while at the same time attempting to outperform the FTSE Bursa Malaysia Top 100 Index. 

On the other hand, Public Islamic Optimal Growth Fund is an Islamic fund that aims to provide income and capital growth by investing in Shariah-compliant stocks which offer attractive dividend yields and growth stocks in the domestic market. 
 
As for Public Enhanced Bond Fund, the fund seeks to provide a combination of annual income and modest capital growth primarily through a portfolio allocation across quality bonds and equities. 

Meanwhile, Public Money Market Fund aims to provide liquidity and current income, while maintaining capital stability.
 
It added that, as at end-December 2014, the total net asset value of the funds managed by the company was RM63 billion. 

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