Public Mutual’s RM118m distribution for 5 funds

KUALA LUMPUR: Public Mutual Bhd has declared distributions totalling more than RM118 million for five of its funds for the financial year ending Aug 31, 2011.

It said on Monday, Aug 29 the gross distribution for the Public SmallCap Fund was 12 sen per unit while for the PB Islamic Equity Fund it was 2.0 sen.

For the PB China Australia Equity Fund, it was 2.50 sen, Public Indonesia Select Fund (1.5 sen) and PB Indonesia Balanced Fund (1.50 sen).

Public Mutual’s CEO Yeoh Kim Hong said Public SmallCap Fund was an award-winning fund, having received 17 awards in its category for superior fund performance.

This year, Public SmallCap Fund won the Best Equity Malaysia Small and Mid Caps in the three years, five years and 10 years categories at The Edge-Lipper Malaysia Fund Awards 2011.

Public SmallCap Fund – which is is an equity fund – focuses on achieving high capital growth through investments in companies with small market capitalisation with special focus on growth stocks.

The PB Islamic Equity Fund, which is open for EPF Members Investment Scheme, is an Islamic equity fund which aims to achieve capital growth by investing in a diverse selection of growth stocks that complies with Shariah principles.

PB China Australia Equity Fund, Public Indonesia Select Fund and PB Indonesia Balanced Fund are country-specific funds launched in 2010.