Public Mutual declares RM301m distributions for 10 funds

by BERNAMA / pic by TMR GRAPHIC

Public Mutual Bhd, a wholly-owned unit of Public Bank Bhd, has declared distributions amounting to more than RM301 million for 10 funds for the financial year ending Oct 31, 2020.

In a statement today, Public Mutual said leading the gross distribution is Public Islamic Bond Fund at five sen per unit, followed by Public Industry Growth Fund at 1.50 sen per unit and Public Islamic Dividend Fund at 1.25 sen per unit.

“The gross distribution per unit is one sen each for Public Growth Balanced Fund, Public Islamic Growth Balanced Fund and PB Asia Real Estate Income Fund,” it said.

The unit trust manager said the other funds are Public Sector Select Fund (0.80 sen per unit), Public Asia Ittikal Fund (0.75 sen per unit), PB Australia Dynamic Balanced Fund (0.60 sen per unit) and Public Equity Fund (0.50 sen per unit).

It added that as at end-September 2020, the fund size managed by the company stood at RM94.2 billion.