Public Mutual declares distributions for 2 funds - Mar 2010

Public Mutual declares distributions for 2 funds

Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions for two of its funds. The total gross distributions declared for the financial year ended 31 March 2010 are as follows: Fund Gross Distribution / Unit Public Aggressive Growth Fund 8.00 sen per unit Public Regular Savings Fund 4.50 sen per unit Public Mutual Chief Executive Officer Ms. Yeoh Kim Hong said both funds have outperformed their respective benchmarks and managed to deliver respectable double digit returns for the period ended 5 March 2010. According to The Edge-Lipper Fund Table dated 15 March 2010, Public Aggressive Growth Fund and Public Regular Savings Fund generated one-year returns of 53.74% and 52.38% respectively for the period ended 5 March 2010. Meanwhile, the benchmarks for Public Aggressive Growth Fund and Public Regular Savings Fund recorded one-year returns of 49.53% and 49.63% respectively within the same period. Public Aggressive Growth Fund aims to achieve high capital growth over the medium- to long-term period through investments in situational and high growth stocks. Meanwhile, Public Regular Savings Fund, which is open for EPF Members Investment Scheme, aims to achieve consistent capital growth with a steady growth of income over the medium- to long-term. Public Mutual is Malaysia’s largest private unit trust company with 74 funds under management. It has over 2,300,000 accountholders and as at 25 February 2010, the total net asset value of the funds managed by the company was RM35.2 billion.