Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for two of its funds. The distributions declared are for financial year ended 31 August 2007:
- Public SmallCap Fund - Gross distribution of 9.00 sen per unit
- PB Islamic Equity Fund - Gross distribution of 6.00 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public SmallCap Fund, which is a small cap fund, has delivered an impressive one-year return of 47.73% for the period ended 17 August 2007 according to The Edge-Lipper Fund Table dated 27 August 2007. “It outperformed its benchmark Kuala Lumpur Composite Index of 26.48% for the same period,” he continued. Launched in June 2000, Public SmallCap Fund is suitable for investors with aggressive risk-reward temperament who can withstand wide fluctuations in unit prices and extended periods of volatility.
As for PB Islamic Equity Fund, it is an Islamic equity fund which has generated a one-year return of 31.69% for the period ended 17 August 2007. This fund has also outperformed its benchmark of 31.20%. It is suitable for investors with aggressive risk-reward temperament who can withstand extended periods of market highs and lows in pursuit of capital growth. PB Islamic Equity Fund is open for EPF Members Investment Scheme.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 48 funds for more than 1,200,000 accountholders. As at 31 July 2007, the total NAV of the funds managed by the company was RM23 billion.
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