Public Mutual wins award for second year

Monday November 24, 2008

PUBLIC Bank’s wholly owned subsidiary Public Mutual won the “Most Outstanding Islamic Fund Manager” award for the second consecutive year at the 5th KLIFF Islamic Finance awards 2008 held recently.

Public Mutual chairman Tan Sri Dr Teh Hong Piow said in a statement:

“This award represents the 121st award won by Public Mutual since 1999. Winning the award not only reinforces our position in the Islamic unit trust industry but also affirms our commitment to excellence.”

As at end of September, Public Mutual managed 24 Islamic funds with total Islamic assets under management of RM8.5bil, which represented 50.7% market share of the private Islamic unit trust industry.

Public Mutual is the largest private unit trust company with 67 funds under management. The total net asset value of the funds managed by the company was RM24.1bil as at end September.