Public Mutual declares distribution of RM54m for 5 funds

KUALA LUMPUR: Public Mutual has declared distributions amounting to more than RM54mil for five funds for the financial year ending Sept 30, 2015.

It said on Wednesday that the distribution per unit (DPU) for the Public Singapore Equity Fund was 1.25 sen per unit and for the Public Strategic SmallCap Fund (one sen per unit).

Public Mutual, which is a unit of Public Bank Bhd, said for the Public Enterprises Bond Fund the distribution was 3.50 sen per unit and for the Public Institutional Bond Fund (0.97 sen).

It added that for the PB Global Equity Fund the distribution was 0.75 sen per unit.

Public Singapore Equity Fund’s objective is to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments primarily in the Singapore market.

As for the Public Strategic SmallCap Fund, it seeks to achieve capital appreciation over the medium- to long-term period through investments primarily in companies with small market capitalisation.

Public Enterprises Bond Fund and Public Institutional Bond Fund’s common objective is to provide annual income. The former invests in fixed income securities and money market instruments, whereas the latter invests in private debt securities. The funds are suitable for medium-term investors.

PB Global Equity Fund seeks to achieve capital growth over the medium- to long-term period by investing in a diversified portfolio of blue chip stocks, index stocks and growth stocks listed on selected global stock markets.

Public Mutual has over 3.1 million accountholders and a total of 29 branches nationwide. As at end-July 2015, the total fund size managed by the company was RM65bil.