Public Mutual declares distributions for six unit trust funds

by **Cals** Tue 05 May 2015, 01:31

Public Mutual declares distributions for six unit trust funds

KUALA LUMPUR (Apr 30): Public Mutual Bhd, a wholly-owned subsidiary of Public Bank Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.8; valuation: 0.8), has declared distributions for six of its unit trust funds.
In a statement, Public Mutual said the gross distributions declared for the financial year ending April 30, 2015 (FY15) are: 6 sen per unit under the PB Dynamic Allocation Fund, 1 sen per unit under the Public Islamic Dividend Fund and 1 sen per unit under the Public Islamic Asia Dividend Fund.
In addition, distributions were also declared for Public Far-East Telco & Infrastructure Fund at 1.5 sen per unit, Public Far-East Balanced Fund at 0.2 sen per unit and Public Select Mixed Asset Conservative Fund at 0.2 sen per unit.
It said PB Dynamic Allocation Fund aims to achieve capital growth over the medium- to long-term by investing in equities and fixed income securities in domestic and foreign markets.
Public Islamic Dividend Fund, which is open to the Employee Provident Fund’s Members Investment Scheme, invests in stocks that comply with shariah requirements which offer or have the potential to offer attractive dividend yields.
Public Islamic Asia Dividend Fund looks at stocks in domestic and regional markets that comply with shariah requirements which offer or have the potential to offer attractive dividend yields.
Public Far-East Telco & Infrastructure Fund, meanwhile, seeks to achieve capital growth over the medium- to long-term by investing in securities, mainly equities, in the telecommunications, infrastructure and utilities sectors in Far-East markets.
Public Far-East Balanced Fund is similarly for medium- to long-term investment but provides free insurance coverage of up to RM100,000 per qualified unitholder, subject to certain terms and conditions.
Public Select Mixed Asset Conservative Fund is also to achieve capital growth over the medium to long term, but primarily through a portfolio allocation across fixed income securities and equities.
“All the funds are distributed by Public Mutual unit trust consultants, with the exception of PB Dynamic Allocation Fund which is distributed via Public Bank branches nationwide,” said Public Mutual.
Public Mutual is Malaysia’s largest private unit trust company with more than 100 unit trust funds under management; it is also an approved Private Retirement Scheme (PRS) provider, managing six PRS funds, the statement further read.
It has over 3.1 million account holders. As at end-March 2015, the total fund size managed by the company was RM65.7 billion.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)