Public Mutual declares RM201m gross distributions for 11 funds

A pedestrian walks past a Public Bank branch in Kuala Lumpur, July 9, 2021. — Picture by Firdaus Latif

Monday, 31 Oct 2022 7:30 PM MYT

KUALA LUMPUR, Oct 31 — Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd, has declared gross distributions amounting to more than RM201 million for 11 funds for the financial year ended October 31, 2022.

In a statement today, the unit trust manager announced gross distributions of 2.5 sen per unit for Public Islamic Bond Fund and 1.5 sen per unit for Public Industry Growth Fund.

It also declared a 0.75 sen gross distribution per unit for both Public South-East Asia Select Fund and Public Islamic Dividend Fund.

For Public Vietnam-Global Equity Fund and PB Australia Dynamic Balanced Fund, the gross distribution is 0.6 sen per unit.

The rest of the 11 funds are Public Sector Select Fund (gross distribution of 0.5 sen per unit), Public Asia Ittikal Fund (0.4 sen per unit), PB Asia Real Estate Income Fund (0.4 sen per unit), Public Growth Balanced Fund (0.25 sen per unit), and Public Islamic Growth Balanced Fund (0.2 sen per unit).

Public Mutual is the country’s largest private unit trust company with more than 170 funds under its management. — Bernama

Leave a Reply

Your email address will not be published. Required fields are marked *