Public Mutual declares distributions of RM147 million for 13 funds

KUCHING: Public Bank’s whollyowned subsidiary, Public Mutual, declared distributions amounting to more than RM147 million for 13 funds.

For the financial year ended June 30, 2017, the firm declared a gross distribution per unit of 2.50 sen per unit for its PB Growth Fund, 2.00 sen per unit for its PB China ASEAN Equity Fund, 1.50 sen per unit for the PB Singapore Advantage-30 Equity Fund and 1.50 sen per unit for the PB Asia Equity Fund.

It also declared 1.00 sen per unit for its PB Islamic Asia Equity Fund, 3.00 sen per unit for PB Balanced Fund, 4.00 sen per unit for PB Fixed Income Fund, 4.50 sen per unit for the PB Infrastructure Bond Fund and 6.00 sen per unit for the PB Islamic Bond Fund.

Other distributions declared include 3.50 sen per unit for its PB Cash Management Fund, 3.10 sen per unit for its PB Islamic Cash Management Fund, 0.25 sen per unit for the Public Islamic Savings Fund and 4.00 sen per unit for its Public Islamic Money Market Fund.

PB Growth Fund, PB Singapore Advantage-30 Equity Fund, PB Islamic Asia Equity Fund, PB Balanced Fund, PB Infrastructure Bond Fund, PB Islamic Bond Fund, PB Cash Management Fund, Public Islamic Savings Fund and Public Islamic Money Market Fund are open for EPF Members Investment Scheme.

All PB Series of Funds are distributed via Public Bank branches nationwide while Public Series of Funds are distributed by Public Mutual’s unit trust consultants. Public Mutual is Malaysia’s largest private unit trust company with more than 120 unit trust funds under its management.

It is also an approved Private Retirement Scheme (PRS) provider, managing nine PRS funds. It has a total of 32 branches/customer service centres nationwide.

As at end- April 2017, the total fund size managed by the Company was RM75.2 billion.