Public Mutual Berhad has declared distributions totalling more than RM 52 Million its Public SmallCap, PB Islamic Equity and PB Islamic Asia Strategic Sector funds for the financial year ended August 31, 2010.
Gross distribution for Public SmallCap, PB Islamic Equity and PB Islamic Asia Strategic Sector were 9 sen per unit. 1.5 sen per unit and 0.75 sen per unit respectively. Public Mutual, a unit of Public Bank Berhad, manages 79 funds wit a total net asset value of RM 37.8 billion.
In a recent statement, Public Mutual said the award winning Public SmallCap had generated a one-year return of 38.83% for the period ended August 9, 2010 which is above its benchmark return of 14.48%.
It said that PB Islamic Equity, which was launched in 2005, had generated a one-year return of 19.76% for the same period, which was above its 10.69% benchmark return.
Source : Smart Investor | Malaysia Edition | October 2010