By The Edge
Public Bank’s wholly-owned subsidiary, Public Mutual declared distributions for eight of its funds. The gross distributions declared were for the financial year ended Nov 30, 2007.
Public Mutual declared a gross distribution of 10 sen per unit for Public Ittikal Fund, 5.5 sen per unit for Public Dividend Select Fund and 5 sen per unit for Public Islamic Equity Fund.
The three funds topped the gross distribution list for the total eight funds.
Public Mutual chairman Tan Sri Teh Hong Piow said Public Ittikal Fund, Public Dividend Select Fund and Public Islamic Equity Fund had generated a one-year return of 37.43%, 36.63% and 40.04% respectively for the period ended Nov 16, 2007, according to the Edge-Lipper fund table dated Nov 26, 2007.
As for Public Far-East Select Fund and Public Regional Sector Fund, both funds have generated a one-year return of 43.19% and 35.42% respectively for the same period.
Both funds have outperformed their benchmarks of 33.1% and 29.53% respectively for the same period.
Launched in Nov, 2006, Public Far-East Dividend Fund has generated a six-month return of 11.69% for the same period ended Nov 16, 2007.
Public Balanced Fund had also outperformed its benchmark of 21.11% with a one-year return of 31.71% for the same period. Meanwhile, Public Islamic Balanced Fund registered a one-year return of 23.46% for the same period.
Public Mutual currently manages 54 funds for more than 1.3 million account holders. As at Oct 31, 2007, the total net asset value of the funds managed was RM26.7 billion.
Is there anymore opportunity to invest in those 3funds? (Public Ittikal Fund, Public Dividend Select Fund and Public Islamic Equity Fund) Since there are mass media reporting how good is those funds are! If you are really interested, get a copy of personal money from any newsstand, bookstore and etc to analyse yourself.
