KUALA LUMPUR, May 31 Public Bank’s wholly-owned subsidiary, Public Mutual has declared distributions of more than RM614 million for 10 funds for the year ended May 31, 2021. The company said a gross distribution of five sen per unit has been declared for Public Global Select Fund, 4.2 sen per.
KUALA LUMPUR (May 17): Fund managers expect Malaysia s gross domestic product (GDP) to grow at about 6% or lower this year on the back of the resurgence of Covid-19 cases, as compared with the central bank’s forecast of 6.5% to 7%. However, the local economy and markets are expected to benefit from global trade recovery and high commodity prices.
AmFunds Management Bhd (AmInvest) chief investment officer Wong Yew Joe said the recent announcement of the movement control order (MCO) is weighing down the growth of the local economy. “The general expectation is that for every month of lockdown, it lowers about 0.3% of the GDP. We expect this year’s GDP to be dialled down to 5% to 5.5%.”