KUALA LUMPUR: Public Mutual Bhd has declared distributions for five of its funds for the financial year ending April 30, 2011.
It said on Friday, April 29 the gross distribution per unit for the Public Far-East Telco & Infrastructure Fund was 2.25 sen per unit; Public Islamic Dividend Fund (2.0 sen); Publis Islamic Asia Dividend Fund (0.40 sen); Public Far-East Balanced Fund (0.50 sen) and Public Global Balanced Fund (0.50 sen).
Public Mutual chief executive officer Yeoh Kim Hong said Public Far-East Telco & Infrastructure Fund -- ranked No. 1 by Lipper in the Equity Asia Pacific category -- generated one-year return of 18.94% for the period ended April 8, 2011.
She said the fund's strategy was to achieve long-term capital growth by focusing its investment in the telecommunications, infrastructure and utilities sectors in Far-East markets.
The Public Islamic Dividend Fund and Public Islamic Asia Dividend Fund generated one-year returns of 18.57% and 11.02% respectively.
The Public Far-East Balanced Fund and Public Global Balanced Fund generated one-year returns of 4.16% and 1.62% respectively.