Payouts for six Public Mutual Funds

Public Bank's wholly-owned subsidiary, Public Mutual has announced distribution for six of its funds.

The total gross distributions declared for the financial year ended 31 July 2009 are as follows:

Name of Fund Gross Distribution/Unit :

Public Growth Fund 4.00 sen per unit

Public Islamic Opportunities Fund 2.00 sen per unit

Public Islamic Select Enterprises Fund 1.25 sen per unit
Public Bond Fund 5.00 sen per unit

Public Islamic Select Bond Fund 3.50 sen per unit

Public Islamic Income Fund 2.50 sen per unit

According to The Edge-Lipper Fund Table dated 20 July 2009, Public Growth Fund and Public Islamic Opportunities Fund have generated a three-year return of 40.11 per cent and 45.01 per cent respectively for the period ended 10 July 2009.

As for the bond funds, Public Bond Fund has generated a three-year return of 15.56 per cent while Public Islamic Select Bond Fund which was launched in 2007 has generated a one-year return of 6.59 per cent.

These funds have outperformed their benchmarks for the respective periods.

(Source : NST 030809)