PUBLIC MUTUAL DECLARES DISTRIBUTION FOR FIVE FUNDS

KUALA LUMPUR, Nov 2 (Bernama) -- Public Bank Bhd's wholly-owned subsidiary Public Mutual had declared between 0.5 sen and 4.5 sen gross distribution per unit for five of its funds for the year ended Oct 31, 2009.

It declared a distribution of 4.5 sen per unit for the Public Industry Fund, 2.5 sen per unit for the Public Equity Fund, 4.0 sen per unit for the Public Islamic Bond Fund, 0.5 sen per unit for the Public Asia Ittikal Fund and 1.0 sen per unit for the PB Asia Real Estate Income Fund.

"The funds have performed well and managed to deliver respectable double-digit returns for the one-year period ended Oct 9, 2009," said Public Mutual's chief executive officer Yeoh Kim Hong in a statement today.

As at Sept 30, 2009, the total net asset value of the funds managed by the company was RM33.8 billion. -- BERNAMA

SM LC