Friday 29 Mar 2024
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KUALA LUMPUR (March 29): Public Mutual, Public Bank Bhd’s wholly-owned unit trust, has announced a distribution of more than RM178 million for two funds — Public Aggressive Growth Fund and Public Regular Savings Fund — for the financial year ended March 31, 2019 (FY19).

In a statement today, Public Mutual said the distribution for the funds are as follows: 2 sen per unit for Public Aggressive Growth Fund, and 2 sen per unit for Public Regular Savings Fund.

Both funds are open for EPF Members Investment Scheme, it said.

Separately, the unit trust company also announced the distribution for seven private retirement scheme (PRS) funds.

Under the conventional series, the distribution of the PRS funds are as follows: 0.25 sen per unit for Public Mutual PRS Growth Fund; 0.75 sen per unit for Public Mutual PRS Moderate Fund and the Public Mutual PRS Conservative Fund; and 1 sen per unit for Public Mutual PRS Equity Fund.

Under the shariah-complaint series, the distribution is 0.25 sen per unit for Public Mutual PRS Islamic Growth Fund and Public Mutual PRS Islamic Moderate Fund; and 0.5 sen per unit for the Public Mutual PRS Islamic Conservative Fund.

Public Mutual is Malaysia's largest private unit trust company, managing more than 130 unit trust funds under its management. It is also an approved PRS provider, managing nine PRS funds, with a market share of 42.1% in the PRS sector as at end February 2019.

As at end of February 2019, the total fund size managed by the company was RM81.2 billion.

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