KUALA LUMPUR (May 2): Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions for three funds.
In a statement Wednesday, Public Mutual said the total gross distributions were declared for the financial year ending 30 April 2012.
It declared gross distribution of 1.25 sen per unit for the Public Far-East Telco & Infrastructure Fund, two sen per unit of Public Islamic Dividend Fund and 0.40 sen per unit for Public Islamic Asia Dividend Fund.
The fund manager said Public Far-East Telco & Infrastructure Fund sought to achieve capital growth over the medium-to long-term period by investing in securities, mainly equities, in the telecommunications, infrastructure and utilities sectors in Far-East markets.
Meanwhile, it said Public Islamic Dividend Fund, which was open for EPF Members Investment Scheme sought to provide income by investing in a portfolio of stocks that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields.
It said the Public Islamic Asia Dividend Fund aims 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.
“All of the above funds are distributed by Public Mutual unit trust consultants,” it said.
Public Mutual said it was Malaysia’s largest private unit trust company with 93 funds under management.
It has 2.7 million accountholders and as at 30 March 2012, the total net asset value of the funds managed by the Company was RM47.4 billion, said the fund manager.
In a statement Wednesday, Public Mutual said the total gross distributions were declared for the financial year ending 30 April 2012.
It declared gross distribution of 1.25 sen per unit for the Public Far-East Telco & Infrastructure Fund, two sen per unit of Public Islamic Dividend Fund and 0.40 sen per unit for Public Islamic Asia Dividend Fund.
The fund manager said Public Far-East Telco & Infrastructure Fund sought to achieve capital growth over the medium-to long-term period by investing in securities, mainly equities, in the telecommunications, infrastructure and utilities sectors in Far-East markets.
Meanwhile, it said Public Islamic Dividend Fund, which was open for EPF Members Investment Scheme sought to provide income by investing in a portfolio of stocks that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields.
It said the Public Islamic Asia Dividend Fund aims 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.
“All of the above funds are distributed by Public Mutual unit trust consultants,” it said.
Public Mutual said it was Malaysia’s largest private unit trust company with 93 funds under management.
It has 2.7 million accountholders and as at 30 March 2012, the total net asset value of the funds managed by the Company was RM47.4 billion, said the fund manager.
