KUALA LUMPUR (Nov 28): Public Mutual Bhd, the fund management arm of Public Bank Bhd, has declared distributions totalling more than RM285 million for eight of its unit trust funds for the financial year ending Nov 30, 2014.
Of the eight funds, Public Islamic Infrastructure Bond Fund, which invests in sukuk of companies in the infrastructure sector, paid the highest gross distribution per unit of 4.5 sen. The lowest was Public Far-East Dividend Fund, which declared a distribution of 0.4 sen per unit.
The other dividend-driven fund, Public Divident Select Fund, declared a distribution of 1 sen per unit.
Public Islamic Alpha-40 Growth Fund declared a payout of 1.25 sen per unit, while for Public Ittikal Sequel Fund and Public Select Alpha-30 Fund, it was 1.75 sen per unit and 2.25 sen per unit respectively.
As for Public Islamic Sector Select Fund and Public Islamic Mixed Asset Fund, both declared a distribution of 2.75 sen and 2 sen per unit respectively.
Public Mutual is the country’s largest private unit trust company, with more than 100 unit trust funds under management. It has over 3 million accountholders.
As at end-October 2014, the total net asset value of the funds managed by the company stood at RM63.4 billion.