Public Mutual declares distributions of RM184 mln for 13 funds

-A +A

KUALA LUMPUR (June 30): Public Bank Bhd's wholly-owned subsidiary, Public Mutual Bhd, has declared RM184 million in distributions for 13 of its funds for the financial year ended June 30, 2014.

PB Islamic Bond Fund received the highest gross distribution, which was 6.00 sen per unit, followed by PB Growth Fund, which distributed 5.50 sen per unit, PB Fixed Income Fund (5.00 sen per unit), while PB Balanced Fund and PB Infrastructure Bond Fund declared 4.25 sen per unit and 4.00 sen per unit, respectively.

In a statement, the unit trust entity said that PB Islamic Bond Fund seeked to provide annual income to investors, through investments in Islamic debt securities, while PB Growth Fund aimed to achieve capital growth through investments in a diversified portfolio of growth stocks.

As for PB Fixed Income Fund, it aimed to provide a steady stream of annual income, through its investments in private debt securities (bonds) and money market instruments.

"PB Balanced Fund aims to provide steady income and capital growth over the medium- to long-term period, and it comes with free insurance coverage for unitholders," it said.

PB Infrastructure Bond Fund seeks to provide annual income to investors, through investments in fixed income securities of companies in the infrastructure sector.

It added that all PB Series of Funds are distributed via Public Bank branches, while Public Far-East Consumer Themes Fund, Public Islamic Savings
Fund and Public Islamic Money Market Fund are distributed by Public Mutual unit trust consultants.