| ||||||||||||||||||||||||||
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.
Tuesday, August 7, 2007
Public Mutual Sold More Than RM850 million of Public China Select Fund
KUALA LUMPUR 13 July 2007 - Public Bank's wholly-owned subsidiary, Public Mutual announced that to date, more than RM850 million (or more than 3.4 billion units) worth of units of its recently launched Public China Select Fund (PCSF) were sold. PCSF was launched on 5 June 2007.
Chief Executive Officer Yeoh Kim Hong said the demand for PCSF has been tremendous and the increase of fund size of PCSF to 3.375 billion units for the 2nd time has been fully subscribed. "The company has increased the fund size of PCSF for the 3rd time to 5 billion units," she added.
PCSF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments in the greater China region namely in Hong Kong, China and Taiwan markets, including China based companies listed on overseas markets such as Singapore, United States of America and other approved markets. The fund may also invest in companies listed on Bursa Securities and foreign markets which have significant or potentially significant business operations in the greater China region. "Up to 98% of the fund's net asset value (NAV) can be invested in selected foreign markets which include Hong Kong, China, Taiwan, Singapore, United States of America and other approved markets. The equity exposure of PCSF will generally range from 75% to 90% of its NAV," she continued.
PCSF is suitable for aggressive investors who can withstand extended periods of market highs and lows in pursuit of capital growth. The fund is distributed by Public Mutual's 19,000-strong unit trust consultants.
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.
Wednesday, April 25, 2007
Public Mutual Offers 1% Free Units
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said the Awards Appreciation Campaign 2007 is launched as an appreciation to our valued unitholders for their continuing support and trust.
He explained that under the Awards Appreciation Campaign 2007, 1% FREE UNITS will be given away for all new investments into equity and/or balanced funds within the campaign period of 1 March 2007 to 21 March 2007. Investment into low-load units of bond fund(s) and/or money market fund is excluded.
“This campaign is open to all equity and balanced funds under the Public Series of Funds and PB Series of Funds (with the exception of Public Ittikal Fund which remains closed),” he added.
For investment into Public Series of Funds, interested investors can call any Public Mutual unit trust consultant or call our Customer Service Hotline at 03-6279 5252 to find out more about the Awards Appreciation Campaign 2007. For investment into PB Series of Funds, interested investors can visit any Public Bank branch nationwide or call free-phone at 1-800-88-3323 during normal working hours.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 38 funds for more than 900,000 accountholders. As at 31 January 2007, the total net asset value of the funds managed by the company was RM17.1 billion.
Friday, April 13, 2007
Public Mutual Launches An Overseas Islamic Dividend Fund.
Public Bank’s wholly-owned subsidiary, Public Mutual will be launching an overseas Islamic dividend fund, the Public Islamic Asia Dividend Fund (PIADF) on 3 April 2007.
According to Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow, PIADF is a moderate-risk Islamic equity income fund that seeks to provide income by investing in a portfolio of stocks in domestic and regional markets that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. “Up to 70% of the fund’s net asset value (NAV) can be invested in selected foreign markets which include South Korea, China, Taiwan, Hong Kong, Philippines, Indonesia, Singapore, Thailand, Australia, New Zealand and other approved markets. The equity exposure of PIADF will generally range from 75% to 90% of its NAV,” he said.
Tan Sri Teh added that PIADF allows investors the opportunity to participate in a diversified portfolio of Shariah-compliant blue chip stocks, growth stocks and fundamentally undervalued stocks which distribute or have the potential to distribute reasonably attractive dividends. “It is timely for PIADF to be launched, as selected foreign markets such as Taiwan, Hong Kong, Singapore, Thailand, Australia and New Zealand currently offer average dividend yields of about 3% or higher,” he continued.
PIADF has an approved fund size of 1.5 billion units. Its initial issue price is RM0.25 a unit and 1% free units will be given away during the 21-day initial offer period from 3 April 2007 to 23 April 2007. “PIADF is suitable for moderate investors with preference for receiving income while capital growth is secondary,” explained Tan Sri Teh. The minimum initial investment is RM1,000 and the minimum additional investment is RM100.
Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6279 5252 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 40 funds for more than 900,000 accountholders. As at 28 February 2007, the total fund size managed by the company was RM17.5 billion.
PB Islamic Asia Equity Fund.
The increase in fund size of PBIAEF by another one (1) billion units will allow the company to meet strong market demand. PBIAEF is an aggressive Islamic equity fund that can invest up to 80% of its net asset value (NAV) in selected foreign markets which include South Korea, China, Japan, Hong Kong, Taiwan, Australia, New Zealand, Indonesia, Singapore, Thailand, Philippines and other approved markets. Its minimum equity exposure is 80% of its NAV.
PBIAEF seeks to achieve long-term capital appreciation by investing in blue chips and growth stocks that comply with Syariah requirements in domestic and regional markets. The fund is suitable for aggressive investors who can withstand extended periods of market highs and lows in pursuit of capital growth. PBIAEF is distributed by Public Bank branches nationwide.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 38 funds for more than 900,000 accountholders. As at 29 December 2006, the total NAV of the funds managed by the company was RM16.2 billion
