Amanah Saham 1Malaysia Maiden Dividend Payout

Permodalan Nasional Berhad (PNB) today declared the maiden dividend of 6.38 cents per unit for Amanah Saham 1Malaysia for financial year 2010. The dividends will be reinvested as units and investors may update their passbook at PNB agent's network from the beginning of next month.

AmIslamic Fund Management declares distribution for 2 funds

AmIslamic Fund Management Bhd has declared income distribution of 1.5 cents per unit and 1.5 cents per unit, for AmIttikal and AmBon Islam funds for the financial year ended September 2009.

AmIslamic also declared interim distribution of 2 cents per unit for AmBond fund.

OSK-UOB declares distribution for 3 funds

OSK-UOB Unit Trust Management Berhard (OSK-UOB) has declared interim distribution of 5.666 cents per unit for OSK-UOB Kidsave Trust fund, 5.6275 cents per unit for OSK-UOB Emerging Opportunity fund, and 9.7815 cents per unit for OSK-UOB Smart Treasure fund based on the NAV of the funds on September 30, 2009.

Pacific Mutual declares distribution for 5 funds

Pacific Mutual Fund Bhd has declared income distribution of 4 cents per unit for Pacific Premier Fund, 3.3 cents per unit for Pacific Income Fund, 3 cents for Pacific Focus18 Fund, 0.38 cents per unit for Pacific Cash Fund, and 0.1 cents per unit for Pacific Protected Islamic Cash Fund, for the year ending September 30, 2009. These distributions represent a yield of 5.58%, 5.8%, 5.48%, 0.75%, and 0.1% respectively, based on the NAV per unit.

Income distribution for RHB Bonds

RHB Investment Management has declared income distribution of 3.00 cents per unit and 5.00 cents per unit for RHB Islamic Bond and RHB Bond respectively on September 30, 2009

PRUequity Income Fund Distribution - 3.18 cents per unit

Prudential Fund Management Berhad (PFMB) declared 3.18 cents per unit distribution for PRUequity income fund. This distribution is equivalent to 5.39% based on the NAV on 28 September 2009.

The fund has charted a YTD return of 26.67% and recorded a return 33.67% since its inception in October 2004. For full press release statement of the distribution news, please click the link here.

TA Investment declares distribution for TA High Growth Fund

TA Investment Management Bhd (TAIM) has declared a 2.5 sen gross income distribution per unit for the TA High Growth Fund (TAHGF), for its financial year ended 31 March 2009. The distribution of 2.5 sen per unit is equivalent to an income return of 4.3% (source: Lipper Hindsight).

"Despite the global market downturn, we managed to maintain our distribution for the fund. We believe that the market will continue to be very volatile in the first half of year 2009." says TAIM's deputy chief investment officer, Ms. Vivien Loh. "The global markets have shown some signs of recovery with the concerted effort of the global central banks to help their respective economies. However, we believe the initial impact should be to restore market confidence through a sustainable market recovery. The real economy needs to show some signs of recovery in the employment and trade market". Our strategy for the fund is to accumulate on weakness for an expected market recovery towards the end of year 2009. In the mean time we are to trade cautiously, while awaiting the actual signs of economic recovery."

TAHGF, which was launched in June 2004, is a unique fund that offers investors an opportunity to invest in high earnings growth companies listed on the Bursa Malaysia. The investment objective of the fund is to provide investors with above average capital growth over a medium to long-term period by investing mainly in companies that offer higher growth prospects.

For more information, please call 1-800-38-7147 or visit our website at www.tainvest.com.my.

Source: TA Invest

HwangDBS declares 3 sen distribution for EDF

HwangDBS Investment Management Bhd today announced the seventh income distribution of three sen for its Enhanced Deposit Fund (EDF) for the financial year ending April 30, 2009.

As at end of February 2009, EDF has registered a total growth of 13.7 per cent on its net asset value per unit, HwangDBS said in a statement.

The fund since its inception has outperformed its benchmark, the Maybank three-month fixed deposit rate, by a total of 12.45 percent and has distributed a total of 8.95 sen since inception, it said.

HwangDBS chief executive officer and executive director, Teng Chee Wai, said EDF has been charting strong growth due to its active management strategy and team-based approach.

Teng said the interest rate cut by Bank Negara Malaysia recently had benefited local money market funds over the immediate term.

“As our money market funds managed to extend their duration late 2008, the cut also implies that, moving forward, money market yield will trend lower,” he said.

Source: Bernama

Distribution for Pacific Mutual's funds

Pacific Mutual Fund Bhd has declared RM9.25 million income distribution for five of its funds for the financial year ended March 31.

It said on April 1 the funds involved were the Pacific Pearl Fund, Pacific Dana Aman, Pacific Dana Murni, Pacific Cash Fund and Pacific Asia Brands Fund.

For the Pacific Pearl Fund, the income distribution is 2.5 sen per unit while for Pacific Dana Aman (0.5 sen), Pacific Dana Murni (1.5 sen), Pacific Cash Fund (0.4 sen) and Pacific Asia Brands Fund (1 sen).

The distribution yields for investors based on the net asset value (NAV) per unit prior to the distribution is 4.42% for Pacific Pearl Fund, Pacific Dana Aman (1.4%), Pacific Dana Murni (2.84%), Pacific Cash Fund (0.79%) and Pacific Asia Brands Fund (3.17%).

Pacific Mutual general manager, business development and marketing Gary Gan said last year was truly a tumultuous year for investors as global markets capitulated, in some cases, wiping out the entire gains from the previous five-year bull run in a single year of economic distress amidst an unprecedented financial crisis.

Gan said despite the obvious tough investment conditions, Pacific Mutual could be able to offer consistent payouts to its investors.

Pacific Mutual manages 19 funds, including six global funds and two wholesale funds. It also manages private funds under its asset management business.

Source: TheEdge Malaysia

Public Mutual declares distributions for 2 funds

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

ASNB Declares Dividend for Amanah Saham Gemilang (ASG)

ASN Berhad (ASNB) declared a dividend of 6 cents per unit for ASG - Amanah Saham Kesihatan subfund, 5.5 cents per unit for ASG - Amanah Saham Pendidikan subfund, and 5 cents per unit for ASG - Amanah Saham Persaraan subfund.

3 AmMutual funds declare payouts

THREE of AmMutual’s funds have declared income distributions for unit holders.

AmBon Islam, a medium- to long-term Islamic bond fund, declared an interim distribution of 1.5 sen per unit for financial year ending September 2009.

AmBond, another fund, declared a final income distribution of 2 sen per unit for the year to March 2009, while AmIttikal declared an interim income distribution of 1 sen per unit for the year to September 2009.

Source: Business Times

Amanah Saham Malaysia declares dividend of 6.25 cents per unit

KUALA LUMPUR: Amanah Saham Malaysia (ASM) has announced an income distribution of 6.25 sen per unit for the financial year ending March 31, the lowest since the fund’s inception in 2000.

Last year, ASM paid 7.8 sen per unit in income distribution. The income distribution involved a total payout of RM407.58mil, said fund manager Permodalan Nasional Bhd (PNB) chairman Tun Ahmad Sarji Abdul Hamid.

“The payment will benefit a total of 402,513 unitholders who subscribe to 7.21 billion ASM units,” he told a press conference yesterday.

PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said that the fund had the capacity to declare an income distribution of 7.92 sen per unit, but the group decided to reserve the income for the next financial year.

“We feel that 6.25 sen per unit is already in line with the market at this condition,” he said.

He attributed the diminished performance to the global economic downturn and the fund’s 25% increase in the number of units in circulation that had resulted in dividend dilution.

Declining to disclose PNB’s investment strategy going forward, Hamad said PNB’s objective remained creating long-term and sustainable returns for shareholders.

“We are a long-term player; we are looking for opportunity to buy more shares (with good fundamentals and are reasonably priced) that are good for the long term,” he said, adding that PNB was looking to issue more new products this year. He said ASM currently had RM2.1bil in cash.

ASM is a fixed-priced equity-income fund aimed at providing unitholders with a long-term investment opportunity by generating regular and competitive returns through a diversified portfolio of investments.

Up to last Friday, ASM had recorded gross income of RM440.73mil.

Dividend income from investments contributed RM219.33mil (49.76%), profit from the sale of shares generated RM137.84mil (31.28%) and the remaining RM83.56mil (18.96%) came from investments in short-term instruments.

The income distribution was based on the average monthly minimum balance held throughout ASM’s financial year.

Source: TheStar