Public Mutual declares distributions totaling RM98m for 8 funds

KUALA LUMPUR (Nov 30): Public Mutual has declares distributions totaling more than RM98 million for eight of its funds for the financial year ended Nov 30.
It said on Wednesday that for the Public Select Alpha-30 Fund, it had declared distribution of 2.50 sen per unit, Public Far-East Alpha-30 Fund (0.25 sen per unit), Public Far-East Dividend Fund (0.50 sen) and  Public Islamic Sector Select Fund (2.00 sen).
Public Mutual also declared distribution of 0.75 sen per unit for the Public Islamic Alpha-40 Growth Fund while for the Public Islamic Asia Leaders Equity Fund (0.75 sen), Public Islamic Balanced Fund (1.00 sen) and Public Islamic Infrastructure Bond Fund (2.50).
Public Mutual chief executive officer Yeoh Kim Hong said the company was pleased to be able to declare distributions despite the current challenging market conditions.
To recap, the Public Select Alpha-30 Fund is an equity fund that aims to achieve capital growth over the medium- to long-term period by investing in up to a maximum of 30 stocks primarily listed on Bursa Securities.
As for the Public Far-East Alpha-30 Fund, it is an equity fund that seeks to achieve capital appreciation over the medium-to long-term period by investing in up to a maximum of 30 stocks in the domestic and regional markets.
Public Far-East Dividend Fund is an equity fund that provides income by investing in a portfolio of stocks in domestic and regional markets which offer or have the potential to offer attractive dividend yields.
Meanwhile, Public Islamic Sector Select Fund, Public Islamic Alpha-40 Growth Fund and Public Islamic Asia Leaders Equity Fund are Shariah-based equity funds.
Public Islamic Sector Select Fund seeks to achieve long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with Shariah requirements from market sectors in the domestic market.
Public Islamic Alpha-40 Growth Fund aims to achieve capital growth by investing in up to a maximum of 40 stocks which comply with Shariah requirements.
Public Islamic Asia Leaders Equity Fund targets capital growth over the medium- to long-term period by investing mainly in stocks of companies with market capitalisation of US$1 billion and above in domestic and regional markets that comply with Shariah requirements.
Public Islamic Balanced Fund's target is to provide steady income and capital growth over the medium- to long-term period by investing in a portfolio of Shariah-compliant investments, while Public Islamic Infrastructure Bond Fund is to provide annual income to investors through investments in sukuk of companies in the infrastructure sector.