Published: Tuesday April 30, 2013 MYT 4:24:00 PM
Public Mutual declares distributions for 3 funds
KUALA LUMPUR: Public Bank's unit Public Mutual has declared distributions ranging from 0.4 sen to 2.0 sen per unit for three funds for the financial year ending April 30, 2013.
It said on Tuesday the distributions for the PB Dynamic Allocation Fund and Public Islamic Dividend Fund was 2.0 sen per unit.
As for the Public Islamic Asia Dividend Fund, the distribution was 0.4 sen per unit.
Public Mutual said PB Dynamic Allocation Fund's target was capital growth over the medium- to long-term period by investing in equities and fixed income securities in domestic and foreign markets.
The fund has the flexibility to rebalance its asset allocation between asset classes of equities, fixed income securities and money market instruments accordingly, depending on the market outlook.
As for the Public Islamic Dividend Fund, it seeks to provide income by investing in stocks which comply with Shariah requirements and which offer or have the potential to offer attractive dividend yields.
The Public Islamic Asia Dividend Fund invests in a portfolio of stocks in domestic and regional markets that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields.