KUALA LUMPUR, Nov 30 Public Bank Bhd’s wholly-owned subsidiary Public Mutual has declared distributions amounting to more than RM257 million for 16 funds for the financial year ended November 30, 2021. In a statement today, the fund manager declared a 6.0 sen per unit distribution for Public.
By Goh Thean Eu
Public Mutual, the largest private unit trust company in Malaysia, is no stranger to winning awards and accolades.
However, it carries a special meaning to be able to win multiple awards during an unprecedented year – a year largely influenced by the Covid-19 pandemic.
The Kuala Lumpur-based asset manager bagged four titles in the
Asia Asset Management Best of the Best 2021 Awards: Best Retail House (Malaysia), Islamic Retail House of the Year (Malaysia), Best Sukuk Manager (Malaysia), and Best Investor Education (Malaysia).
Yeoh Kim Hong, chief executive officer of Public Mutual, attributes the company’s success to its investment philosophy, which is to invest in fundamentally-strong companies throughout various economic cycles.