Public Mutual fund distribution
KUALA LUMPUR: Public Mutual has declared gross distributions for three of its funds ranging from one sen to 3.5 sen a unit.
The distribution for Public Singapore Equity Fund (PSGEF) is one sen per unit, Public Strategic SmallCap Fund is also one sen a unit and Public Enterprises Bond Fund 3.50 sen per unit.
All the distributions declared are for the financial year ended September 30 this year.
In a statement, the company said the PSGEF aims to provide investors the opportunity to take part in the long-term growth potential of a diversified portfolio of Singapore equities, which are supported by resilient economic growth prospects and reasonable valuations.
"Investing in PSGEF enables investors to ride on the potential upside of the Singapore dollar over time," it said, adding that the fund is also suitable for parents who would like to hedge their children's future educational expenses in Singapore.
The Public SmallCap Fund, meanwhile, aims to achieve capital appreciation over the medium- to long-term period via investments, mainly in companies with small market capitalisation.
The objective of Public Enterprises Bond Fund is to provide annual income through investments in fixed income securities and money market instruments.
Public Mutual, wholly-owned by Public Bank, manages 90 funds. As of August this year, it had total funds under management of over RM58.7 billion.
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