Public Mutual declares distributions of RM89m for six funds

PETALING JAYA: Public Mutual Bhd, a wholly-owned unit of Public Bank Bhd, has declared distributions totalling over RM89 million for six of its funds.
The gross distributions were declared for the financial year ended Jan 31, 2018, Malaysia's largest private unit trust company said in a statement today.
The range for the gross distribution per unit for the six funds was between 0.25 sen and 4.50 sen, it said.
The funds were Public Index Fund, Public Islamic Optimal Growth Fund, Public Islamic Emerging Opportunities Fund, Public Enhanced Bond Fund, Public Money Market Fund and PB Dividend Builder Equity Fund.
Currently, Public Mutual has more than 130 unit trust funds under its management. It also manages nine Private Retirement Scheme funds. As at end-December 2017, the fund size managed by the company was RM81.4 billion.