Public Bank's wholly-owned subsidiary, Public Mutual declares distributions for two of its funds. The total gross distributions declared are for financial year ended 31 March 2009:
Fund Gross Distribution / Unit Public Aggressive Growth Fund 5.00 sen Public Regular Savings Fund 3.50 sen
Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow commented that Public Mutual is pleased to be able to declare distributions on these two funds despite these trying times.
Public Aggressive Growth Fund which was launched in 1994, aims to seek high capital growth over the medium- to long-term period through investments in situational and high growth stocks.
Meanwhile, Public Regular Savings Fund which was also launched in 1994, aims to achieve consistent capital growth over the medium- to long-term period and to achieve a steady growth in income.
Public Mutual is Malaysia's largest private unit trust company with 67 funds under management. It has over 2,000,000 accountholders serviced by over 40,000 unit trust consultants. As at 28 February 2009, the total net asset value of the funds managed by the company was RM23.5 billion.
Source: Public Mutual
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