Public Mutual Declares Distributions for 6 Funds

Public Bank’s wholly-owned subsidiary, Public Mutual declares gross distributions for six of its funds. The gross distributions declared are for financial year / period ended 30 June 2007:

PB Growth Fund - Gross distribution of 9.00 sen per unit
PB Balanced Fund - Gross distribution of 9.00 sen per unit
PB Asia Equity Fund - Gross distribution of 3.25 sen per unit
PB Fixed Income Fund - Gross distribution of 5.75 sen per unit
PB Islamic Bond Fund - Gross distribution of 4.25 sen per unit
PB Cash Management Fund - Gross distribution of 0.90 sen per unit

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PB Growth Fund and PB Balanced Fund have delivered an impressive one year return of 63.86% and 43.66% respectively for the period ended 15 June 2007, while PB Fixed Income Fund and PB Islamic Bond Fund have registered a one year return of 10.84% and 5.78% respectively for the same period, according to The Edge-Lipper Fund Table dated 25 June 2007. “These funds have outperformed their respective benchmarks,” he continued.

Meanwhile, PB Asia Equity Fund has generated a six-month return of 23.56% for the period ended 15 June 2007. The fund has outperformed its benchmark of 13.17% for the same period.
As for PB Cash Management Fund, it has generated a three-month return of 0.77% for the period ended 15 June 2007, according to the same The Edge-Lipper Fund Table.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 45 funds for more than 1,000,000 accountholders. As at 19 June 2007, the total net asset value of the funds managed by the company was RM21.4 billion.