Business

Published: Monday December 31, 2012 MYT 3:33:00 PM

Public Mutual declares RM204m distributions for 6 funds


KUALA LUMPUR: Public Bank Bhd's unit Public Mutual has declared more than RM204mil in distributions for six of its funds for the financial year ending Dec 31, 2012.

It said on Monday it had declared gross distribution of 5.0 sen per unit for the Public Savings Fund and Public Islamic Enhanced Bond Fund.

As for the Public Strategic Bond Fund and Public Islamic Strategic Bond Fund, the gross distribution was 3.50 sen per unit.

It said for the Public Focus Select Fund, it was 1.50 sen per unit and for the Public Islamic Savings Fund 1.0 sen.

Launched in 1981, Public Savings Fund is the company's maiden fund and its target is long-term capital appreciation and a reasonable level of income.

Public Focus Select Fund aims for capital growth through investments in medium-sized companies in terms of market capitalisation from diversified economic sectors.

Public Islamic Savings Fund's objective is income over the medium- to long-term period by investing in a portfolio of Shariah-compliant investments which offer or have the potential to offer attractive dividend yields.

Public Islamic Enhanced Bond Fund seeks to provide annual income and modest capital growth primarily through a portfolio invested across Islamic debt securities and equities.

Public Strategic Bond Fund and Public Islamic Strategic Bond Fund were launched in December 2010.

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