KUALA LUMPUR (Dec 31): Public Bank Bhd’s wholly-owned subsidiary, Public Mutual, has declared distributions amounting to more than RM86 million for 10 of its funds.
Total gross distributions per unit, declared for the financial year ending Dec 31, 2018, were 1.25 sen for Public Savings Fund; Public Focus Select Fund (0.5 sen); Public Strategic Bond Fund (4.25 sen); Public Islamic Savings Fund (0.25 sen); Public Islamic Growth and Income Fund (0.25 sen).
Others were Public Islamic Enhanced Bond Fund at 3.25 sen per unit, Public Islamic Strategic Bond Fund (4.25 sen), PB Asia Pacific Enterprises Fund (1 sen), PB Mixed Asset Conservative Fund (0.7 sen) and PB Aiman Sukuk Fund (4.75 sen).
As at end-November 2018, the total fund size managed by the company stood at RM80.15 billion.
Public Mutual is Malaysia’s largest private unit trust company and an approved private retirement scheme provider with more than 130 unit trust funds under its management.