KUALA LUMPUR: PUBLIC BANK BHD 's unit, Public Mutual Bhd declared distributions for Public Aggressive Growth Fund and Public Regular Savings Fund for the financial year ended March 31, 2011.
It said on Thursday, March 31 the distribution was nine sen per unit for the Public Aggressive Growth Fund and five sen per unit for the Public Regular Savings Fund.
Public Mutual chief executive officer Yeoh Kim Hong said both funds had outperformed their respective benchmarks and delivered respectable double digit returns for the period ended March 4, 2011. Both funds are open for EPF Members Investment Scheme.
According to The Edge-Lipper Fund Table dated March 14, 2011, the Public Aggressive Growth Fund and Public Regular Savings Fund generated one-year returns of 22.49% and 21.04% respectively for the period ended March 4, 2011.
The investment strategy for the Public Aggressive Growth Fund is to achieve high capital growth over the medium- to long-term period through investments in situational and high growth stocks.
Public Regular Savings Fund targets consistent capital growth with a steady growth of income over the medium- to long-term.