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Tuesday, May 25, 2010

Public Mutual wins Reader’s Digest Trusted Brand Platinum Award

Public Bank’s wholly-owned subsidiary, Public Mutual, has won the Reader’s Digest Trusted Brand Platinum Award for the Investment Fund Company category in Malaysia in 2010. Previously, Public Mutual won the Gold Award for four consecutive years, from 2006 to 2009.

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow, expressed pride at this recognition of consumers’ trust. “Winning the Platinum award is a great honour as it signifies that Public Mutual has earned the confidence of Malaysian consumers in continuously delivering top value to investors,” he said.

The Reader’s Digest’s annual Trusted Brands survey in Malaysia reflects Malaysian consumers’ choice of their trusted and favourite brands. While most Trusted Brand Award winners achieve Gold status, brands with scores of more than three times that of their nearest competitor; or with a score at least double that of their nearest competitor and an average rating of at least 4 points (out of a possible 5) on the qualitative criteria, receive a Platinum Trusted Brand Award. These qualitative criteria include trustworthiness & credibility, quality, value, understanding of customer needs, innovative and social responsibility.

Tan Sri Teh dedicated the award to Public Mutual’s board of directors, management, staff and unit trust consultants for their dedication and commitment. He also thanked investors for their unwavering support and confidence. With the Reader’s Digest Trusted Brand Platinum Award, Public Mutual has, to-date won 158 awards, of which more than 90% are recognition for excellent fund performance.

Public Mutual is Malaysia’s largest private unit trust company with 75 funds under management. It has over 2,320,000 accountholders and as at 31 March 2010, the total net asset value of the funds managed by the company was RM36.6 billion.

Tuesday, May 11, 2010

Rescue Calms Markets, Remakes EU

Global financial markets roared back in response to the EU's nearly $1 trillion rescue plan to save the euro from a public-debt crisis that has threatened to derail economic recovery.

Wednesday, May 5, 2010

Public Mutual declares distributions for 5 funds

Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions for five funds. The total gross distributions declared for the financial year ended 30 April 2010 are as follows:

Fund


Gross Distribution / Unit

Public Far-East Telco & Infrastructure Fund


2.50

Public Islamic Dividend Fund


1.25

Publis Islamic Asia Dividend Fund


0.75

Public Far-East Balanced Fund


1.50

Public Global Balanced Fund


0.50

Public Mutual Chief Executive Officer Ms. Yeoh Kim Hong said Public Far-East Telco & Infrastructure Fund has generated one-year returns of 31.01% for the period ended 9 April 2010, according to The Edge-Lipper Fund Table dated 19 April 2010. “This fund has outperformed its benchmark for the same period,” she added.

Meanwhile, Public Islamic Dividend Fund and Public Islamic Asia Dividend Fund have generated one-year returns of 34.43% and 35.27% respectively for the same period. Public Islamic Dividend Fund is open for EPF Members Investment Scheme.

As for Public Far-East Balanced Fund and Public Global Balanced Fund, they have generated one-year returns of 25.03% and 19.69% respectively for the period ended 9 April 2010, according to The Edge-Lipper Fund Table dated 19 April 2010. These funds have also outperformed their benchmarks for the repective periods.

Public Mutual is Malaysia’s largest private unit trust company with 75 funds under management. It has over 2,320,000 accountholders and as at 31 March 2010, the total net asset value of the funds managed by the company was RM36.6 billion.