MALAYSIA: Public Mutual has declared distributions for five of its Islamic funds. It has declared a distribution of 2 Malaysia sen (0.63 US cents) for its Public Islamic Sector Select Fund, 0.75 Malaysian sen (0.23 US Cents) for its Public Islamic Alpha-40 Growth Fund and Public Islamic Asia Leaders Equity Fund respectively, 1 Malaysia sen (0.31 US Cents) for its Public Islamic Balanced Fund as well as 2.5 Malaysia sen (0.79 US Cents) for its Public Islamic Infrastructure Bond Fund.
Yeoh Kim Hong, its CEO, said that the company was able to declare distributions despite the current challenging market conditions.
As at the 31st October 2011, the total net asset value of the conventional and Islamic funds managed by Public Mutual stood at RM43.7 billion (US$13.9 billion), up RM2.4 billion (US$760 million) from the previous month.