Public Mutual declares distributions for two funds

Public Bank Bhd's wholly-owned unit, Public Mutual Bhd, has declared distributions for its Public Regular Saving Fund and Public Aggressive Growth Fund.

In a statement here Monday, Public Mutual said it would distribute 4.50 sen per unit for Public Regular Saving Fund and 2.50 sen per unit for Public Aggressive Growth Fund.

"The Public Regular Saving Fund aims to achieve steady growth and consistent capital growth over the medium to long term.

"The Public Aggressive Growth Fund's objective is to achieve high-capital growth over the medium to long term through investments in situational and high-growth stocks," it said.

Public Mutual is Malaysia's largest private unit trust with over 90 unit trust funds under management.

It is also an approved private retirement scheme (PRS) provider, managing six PRS funds. It has over 2.9 million account holders and as at end-February 2014, the total net asset value of the funds managed by the company was RM62.1 billion. -- Bernama