KUALA LUMPUR (May 29): Public Mutual Bhd has declared distributions amounting to more than RM387 million for 10 funds. 

The company, a subsidiary of Public Bank Bhd, said in a statement today that the distributions are for the financial year ended May 31, 2020. 

A gross distribution of 4.20 sen per unit has been declared for Public Select Bond Fund, and 2.00 sen per unit for Public Global Select Fund and Public Ittikal Fund. 

Holders of Public Balanced Fund, Public Islamic Equity Fund and PB ASEAN Dividend Fund will receive a gross distribution of 0.75 sen per unit. 

The distribution for Public Dividend Select Fund is 0.70 sen per unit, while it is 0.50 sen per unit for Public China Titans Fund, Public Far-East Select Fund and Public Regional Sector Fund. 

Public Mutual is Malaysia’s largest private unit trust company with more than 140 unit trust funds under its management.

It is also an approved Private Retirement Scheme provider, managing nine PRS funds. It has a total of 31 branches/customer service centres nationwide.

Public Mutual said the fund size managed by the company as at end-April 2020 was RM83.3 billion.