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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.

The annual gross dividend income for AMBVTF was 9.14 sen per unit while AMBETF earned 9.03 sen per unit, a statement from Permodalan Nasional Bhd said here on Monday.

AMBVTF is an equity fund which gives focus to capital growth through investments in securities traded at a lower price than their actual worth.

As for the AMBETF, it is a mid to long-term equity fund which aims at income through investments in syariah based entities.

AMB is a wholly-owned subsidiary of Amanah Saham Nasional Bhd (ASNB) which in turn is a wholly owned subsidiary of PNB.

The dividend income will be reinvested as additional units in the respective accounts of unitholders of the funds.

A statement on the dividend and warrant distribution will be sent out by latest October 31 to unitholders of the AMBVTF and AMBETF. – BERNAMA

HwangDBS IM said this was its seventh distribution since the fund’s launch on April 19, 2006. To date, GPF has distributed a total of 9.5 sen since inception.

In a statement, HwangDBS IM chief executive officer and executive director Teng Chee Wai said global real estate investment trust (REIT) markets were sharply down in January and February as increasing unemployment rates and continued financial sector woes weighed on the property sector.

He said, however, as at the end of the first quarter, an improvement in economic numbers and evidence of falling US mortgage rates helped the sector regain some ground alongside its other broader equity peers.

Teng said that in April, with the exception of the Japan REIT market, a strong rebound in global REIT markets especially the US REIT market was seen.

“2009 may continue to battle with some of the challenges of 2008. HwangDBS IM’s focus will continue to be on credit quality. Moreover, the company will also look to extend portfolio duration and will continue to hold a defensive position as further confirmation is needed before a sustainable recovery can be ascertained,” Teng said.

The company also declared a special income distribution for the RHB GoldenLife 2030 (GL2030) at a rate of 5.00 sen gross per unit.

Based on the average net asset value per unit of the funds from March 1 to April 30, 2009, the gross income distribution yield is 5.8636 per cent for the GL Today; 5.5955 per cent for the GL2010; and 6.2825 per cent for the GL2020.

The gross income distribution yield for the GL2030 is 8.4789 per cent, the company said in a statement today.

The RHB GoldenLife funds aimed to provide investors with a steady income stream after retirement, it added.

RHB Investment Management, a wholly-owned subsidiary of RHB Investment Bank, currently has a stable of 25 retail funds.

The distributable income comprised 6.00 sen for the Public Ittikal Fund, 1.75 sen for the Public Islamic Equity Fund, 2.00 sen for the Public Dividend Select Fund, 5.00 sen for the Public Balanced Fund, and 2.50 sen for the Public Select Bond Fund.

In a statement today, Public Mutual’s chairman Tan Sri Dr Teh Hong Piow said he was pleased that the company was able to declare distributions on the five funds despite the current trying times.

“Although the market conditions were challenging, our funds still managed to outperform their respective benchmarks and achieved respectable double-digit three year returns to investors,” he said.

Based on The Edge-Lipper report dated May 18 this year, Public Ittikal Fund and Public Islamic Equity Fund generated a three-year return of 16.87 per cent and 19.26 per cent respectively for the period ended May 8 this year.

Public Mutual said both funds outperformed the benchmark, which registered a return of 7.92 per cent for the same period.

Meanwhile, Public Dividend Select Fund generated a three-year return of 23.33 per cent for the period ended May 8 this year, outperforming the benchmark, which registered a return of 6.30 per cent for the same period.

Public Balanced Fund and Public Select Bond Fund also surpassed their respective benchmarks by registering three-year returns of 26.33 per cent and 13.85 per cent respectively.

Public Mutual, which is the largest private unit trust company in Malaysia, manages 69 funds for more than two million account holders.

As at May 8 this year, the total net asset value of the funds managed by the company was RM27.4 billion.

The distribution translates into a distribution yield of 5.99 per cent, the company said in a statement today.

The fund is aimed at producing medium- to long-term capital appreciation and current income, according to MAAKL Mutual.

It is designed for investors seeking a regular income from investments which comply with Syariah requirements and relatively higher returns than general investment account.

“This fund is an Islamic balanced income fund which seeks an optimal balance between equities and bonds to maximise returns,” said MAAKL Mutual chief executive officer and executive director Wong Boon Choy.

“In particular, the fund will focus on large capitalised stocks in its equity portfolio, and in bonds, high quality and short-to-medium tenure (three-year to five-year) issues,” he said.

Petaling Jaya, 2 January – Pacific Mutual Fund Bhd, one of the leading private unit trust management companies in Malaysia, has announced the following income distributions for two of its Funds for their financial year/interim period ended 31 December 2008 respectively:

Financial Year Ended 31 December 2008
Pacific Dividend Fund – 4.0 sen per unit

Interim Period Ended 31 December 2008
Pacific Cash Fund – 0.4 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 Dividend Fund – 8.03%
Pacific Cash Fund – 0.79%

“It was a very tough year for equity markets around the world with Malaysia not being exempted from the impact of the ongoing global financial crisis and economic slowdown. However, Pacific Mutual’s prudent risk management and investment management strengths has once again enabled Pacific Dividend Fund to outperform peer funds and its benchmark despite the exceedingly trying times,” said Gary Gan, General Manager, Business Development & Marketing of Pacific Mutual, adding that the Fund’s total accumulated gross distribution has increased to RM0.236 per unit since inception five years ago. This translates to 47.20% of distribution over its launch price of RM0.5000 per unit.

Gan continued, “Pacific Dividend Fund was awarded the highest ranking in the Lipper Global Equity Malaysia class scheme for overall fund Total return, Consistent return and Preservation categories respectively under the Lipper Leader Fund Ratings (source: Lipper table as at 28 November 2008), reflecting its strong performance exceeding its benchmark as well as peers and its consistency in achieving its investment objective since its launch in 2003.”

“As for Pacific Cash Fund, the declaration of 0.4 sen per unit for its investors is the Fund’s first interim income distribution since its final income distribution in September 2008. The Fund aims to provide its investors up to four times of income distributions in a financial year,” Gary further expressed.

Pacific Mutual now manages a total of 18 Funds, of which six are Funds with global exposure. The Company also manages private funds under its asset management business. As at mid December 2008, it has a total combined fund size of RM1.4 billion under its unit trust fund management.

KUALA LUMPUR: AmMutual Bhd’s AmConservative declared an interim income distribution of one sen per unit for the financial year ending April 30, 2009.

In a statement, AmMutual said the distribution represented a yield of 2% investment return based on the net asset value (NAV) per unit of 48.81 sen as at April 30, 2008.

As at Oct 31, 2008, the fund delivered a three-year return of 9.88% as compared to its benchmark index of 8.9%, an outperformance by 0.98%.

KUALA LUMPUR: AmMutual has declared the first income distribution of 7.3 sen per unit for AmDual Opportunities-Capital Protected for the financial year ended Oct 2008.

In a statement yesterday, AmMutual said the first yearly income distribution represented a yield of 7.3% based on the net asset value (NAV) per unit of RM1 offered during the offer period from Sept 3, 2007 to Oct 2, 2007.

It is a close-ended fund which seeks to provide yearly distribution over a two-year investment period investing in the volatility of euro to US dollar exchange rate (EUR/USD), deriving its appreciation from upward as well as downward movements in the euro currency while providing 100% capital protection when held to maturity.

The fund invested a minimum of 90% of the NAV in two-year zero-coupon negotiable instruments of deposits (ZNIDs) which seek to protect investor’s capital, and up to 5% in an option.

“As at Oct 17, 2008, the fund delivered a one-year return of 12.95% as compared to its benchmark, the Maybank one-year fixed deposit rate of 3.7%, an outperformance by 9.25%,” said Datin Maznah Mahbob, AmInvestment Bank group chief executive officer of the funds management division.