Public Mutual declares RM55mil distributions for 9 funds

KUALA LUMPUR: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd has declared distributions amounting to over RM55mil for nine funds.

In a statement, Public Mutual announced gross distributions of 2.70 sen per unit for Public Enhanced Bond Fund and 2.50 sen per unit for Public e-Sukuk Fund.

The unit trust manager also declared a 2.08 sen per unit for Public Money Market Fund – Class A and 1.00 sen per unit for Public Index Fund.

The total gross distributions declared for the financial year ended Jan 31, 2023 are as follows: Public Mutual is the country’s largest private unit trust company with more than 170 funds under its management. It is also an approved private retirement scheme (PRS) provider, managing nine PRS funds.