Public Mutual declares RM517 million distribution for 11 funds

KUALA LUMPUR: Public Bank’s unit Public Mutual has declared distributions of more than RM517 million for 11 funds for the financial year ended May 31, 2018.

In a statement yesterday, it said gross distribution for Public Ittikal Fund and Public Islamic Select Treasures Fund was three sen and 1.50 sen per unit, respectively.

Gross distribution for both Public Islamic Equity Fund and Public Far-East Select Fund was one sen per unit, while Public Global Select Fund was 1.25 sen per unit.

Public Mutual said gross distribution for Public Regional Sector Fund, Public China Titans Fund, Public Balanced Fund and PB ASEAN Dividend Fund was two sen per unit, while the distribution for Public Dividend Select Fund was 0.30 sen and Public Select Bond Fund was four sen per unit.

It said Public Ittikal Fund, Public Islamic Equity Fund, Public Regional Sector Fund, Public Global Select Fund, Public Far- East Select Fund, Public Balanced Fund and Public Select Bond Fund were approved under the Employees Provident Fund’s Members Investment Scheme.

“Public Series of Funds are distributed by Public Mutual’s unit trust consultants, while PB Series of Funds are distributed via Public Bank branches nationwide,” it said.

Public Mutual is Malaysia’s largestprivateunittrustcompany, with more than 130 unit trust funds under its management.

As at end-March 2018, the total fund size managed by Public Mutual stood at RM82 billion. — Bernama