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Sunday, August 12, 2007
Public Mutual Declares Distributions for 3 Funds
Public Bank’s wholly-owned subsidiary, Public Mutual declares gross distributions for three of its funds. The gross distributions declared are for financial year ending 31 July 2007:
- Public Growth Fund - Gross distribution of 9.00 sen per unit
- Public Islamic Opportunities Fund - Gross distribution of 4.00 sen per unit
- Public Bond Fund - Gross distribution of 4.50 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Growth Fund, which is an equity fund, has delivered an impressive one-year return of 54.01% for the period ended 13 July 2007 according to The Edge-Lipper Fund Table dated 23 July 2007. “This fund has outperformed its benchmark of 49.45% for the same period,” he continued.
As for Public Islamic Opportunities Fund, it is an Islamic small cap fund which has generated a one-year return of 67.48% for the period ended 13 July 2007. This fund has also outperformed its benchmark of 54.34%.
Public Bond Fund, on the other hand, is a bond fund that has generated a one-year return of 8.88% for the period ended 13 July 2007, according to the same The Edge-Lipper Fund Table. The fund has outperformed its benchmark of 3.76% for the same period.
Public Mutual is the largest private unit trust company in Malaysia and it currently manages 47 funds for more than 1,000,000 accountholders. As at 20 July 2007, the total net asset value of the funds managed by the company was RM23 billion.
Strong Demand for Public Bank’s First Euro Pacific Fund
KUALA LUMPUR 17 July 2007 – Public Bank’s wholly-owned subsidiary, Public Mutual announced that to date, more than RM311 million (or more than 1.24 billion units) worth of units of its recently launched PB Euro Pacific Equity Fund (PBEPEF) were sold. PBEPEF was launched on 8 June 2007.
Chief Executive Officer Yeoh Kim Hong said the demand for PBEPEF has been good and the initial approved fund size of 1.5 billion units is almost fully subscribed. “The increase of fund size to 2.25 billion units will allow us to cater to the high demand of this fund since its launch,” she added.
PBEPEF is an aggressive equity fund that seeks long-term capital appreciation by investing in equities and collective investment schemes in domestic and foreign markets. “Up to 98% of the fund’s net asset value (NAV) will be invested in foreign markets which include Europe, Japan, Korea, Taiwan, China, Hong Kong, Singapore, Thailand, Philippines, Indonesia and other approved markets. The equity exposure of PBEPEF will generally range from 75% to 90% of its NAV,” she continued.
PBEPEF is suitable for investors with aggressive risk-reward temperament. The fund is distributed by Public Bank branches nationwide.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 47 funds for more than 1,000,000 accountholders. As at 29 June 2007, the total NAV of the funds managed by the company was RM22 billion.