KUALA LUMPUR (April 30): Public Mutual Bhd, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions amounting to more than RM64 million for seven funds for the financial year ended April 30, 2020.

A distribution of 8.5 sen per unit has been declared for PB Dynamic Allocation Fund, Public Mutual said in a statement today.

The unit trust firm has declared a one sen per unit distribution for Public Select Mixed Asset Conservative Fund, and 0.5 sen per unit for Public Far-East Balanced Fund.

Elsewhere, it has declared 0.25 sen per unit for four funds, namely Public Ehsan Mixed Asset Conservative Fund, Public Ehsan Mixed Asset Growth Fund, Public Islamic Dividend Fund and the Public Islamic Asia Dividend 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.

As at end-February 2020, the fund size managed by the company was RM84.1 billion.