DANAVEST

Logo - Pacific Mutual

Petaling Jaya, 1 October 2009 – Pacific Mutual Fund Bhd, one of the leading investment management companies in Malaysia, has announced the following income distributions for five of its Funds for their financial year/interim period ended 30 September 2009:

Pacific Premier Fund – 4.00 sen per unit
Pacific Income Fund – 3.30 sen per unit
Pacific Focus18 Fund – 3.00 sen per unit
Pacific Cash Fund – 0.38 sen per unit
Pacific Protected Islamic Cash Fund – 0.10 sen per unit

This translates to the following distribution yields for investors based on the net asset value (NAV) per unit of the respective Funds prior to the distribution:

Pacific Premier Fund – 5.58 %
Pacific Income Fund – 5.80 %
Pacific Focus18 Fund – 5.48 %
Pacific Cash Fund – 0.75 %
Pacific Protected Islamic Cash Fund – 0.10 %

“Our equity funds, the Pacific Premier Fund and Pacific Focus18 Fund, have achieved a total return of 24.70% and 11.91% respectively for the one-year period ended 29 September 2009, a decent achievement given the volatile market conditions both locally and abroad over the past year. In fact, our maiden fund, the Pacific Premier Fund, which has gone through three major economic and financial crises, inclusive of the Asian Financial Crisis and the Tech bust, still achieved a total return of 130.74% since its inception in 1995. This adds to our on-going testament and investment philosophy of consistent above-average performance over the long term,” says Gary Gan, General Manager, Business Development & Marketing of Pacific Mutual.

Gan continues, “We are also proud that our balanced fund, the Pacific Income Fund, besides achieving a commendable total return of 98.53% since its inception in 2000, has also emerged as the best fund for the Malaysian Ringgit Balanced category at the Morningstar 2008 Fund Awards (Malaysia) this year.”

“Our money market fund, the Pacific Cash Fund, has performed equally well in the past year achieving a total return of 3.14% for the one-year period ended 29 September 2009. The Pacific Protected Islamic Cash Fund has generated decent returns in spite of the very low interest rates scenario at the time it was launched earlier this year,” says Gan, adding that the consistent and stable performance over time, the hallmark of Pacific Mutual’s investment style, has made the regular income payouts possible and hence, benefiting the investors of the five Funds.

Pacific Mutual now manages a total of 21 Funds, including seven global Funds and three wholesale Funds. The Company also manages private mandate funds under its asset management business. As at end September 2009, Pacific Mutual manages RM1.83 billion on behalf of its unit trust investors and private mandate clients.