Public Mutual Continues to Shine in 2020

In the year of the new normal that has been challenging for most people around the world, any bit of good news provides assurance for better days ahead. It was all around good news for investors of Public Mutual funds.

According to a local business daily, Public Mutual Bhd, a wholly-owned subsidiary of Public Bank Bhd, declared distributions amounting to more than RM64 million for seven funds for the financial year ended April 30, 2020. A distribution of 8.5 sen per unit has been declared for PB Dynamic Allocation Fund, Public Mutual said in a statement made the same day.

The unit trust firm has declared a one sen per unit distribution for Public Select Mixed Asset Conservative Fund, and 0.5 sen per unit for Public Far-East Balanced Fund.

Elsewhere, according to news reports, Public Mutual has declared 0.25 sen per unit for four funds, namely Public Ehsan Mixed Asset Conservative Fund, Public Ehsan Mixed Asset Growth Fund, Public Islamic Dividend Fund and the Public Islamic Asia Dividend Fund.

Earlier in the same year, Public Mutual Bhd was reported to have emerged the biggest winner at the Refinitiv Lipper Fund Awards 2020. By winning two group awards and 32 fund awards, it broke its own record of one group award and 28 fund awards at last year’s event.

Public Mutual is Malaysia’s largest private unit trust company with more than 140 unit trust funds under its management. It is also an approved Private Retirement Scheme provider, managing nine PRS funds.

As at end-February 2020, the fund size managed by the company was RM84.1 billion.

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