Public Mutual declares RM51m distributions for eight funds

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KUALA LUMPUR (Sept 28): Public Mutual Bhd, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions amounting to more than RM51 million for eight of its funds for the financial year ended Sept 30, 2018 (FY18).

In a statement today, Public Mutual said gross distribution per unit is 4.25 sen for its Public Enterprises Bond Fund; 2.5 sen for PB Global Equity Fund; 1.5 sen for Public Singapore Equity Fund; and one sen for Public Strategic Balanced Fund.

As for Public Strategic SmallCap Fund, Public Advantage Growth Equity Fund, Public Islamic Advantage Growth Equity Fund and PB SmallCap Growth Fund, the distribution is 0.5 sen per unit.

Public Mutual is Malaysia’s largest private unit trust company with more than 130 unit trust funds under its management. As at end-August 2018, the total fund size managed by the company stood at RM83.8 billion.