Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has announced the following income distributions for four of its Funds for their financial year ended 30 September 2006;
Pacific Premier Fund – 2 sen per unit
Pacific Income Fund – 3 sen per unit
Pacific Focus18 Fund – 3.5 sen per unit
Pacific Cash Fund – 1.3 sen per unit
This translates to the following distribution yields for investors respectively based on the net asset value (NAV) of the respective Funds prior to the distribution:
Pacific Premier Fund – 3.26%
Pacific Income Fund – 5.81%
Pacific Focus18 Fund – 6.55%
Pacific Cash Fund – 2.53%
“We are especially pleased to note that our first fund with a global investment mandate, Pacific Focus18 Fund, has achieved a total return of 12.53%, from its launch in June 2005 until now,”? said Pacific Mutual’s General Manager, Business Development & Marketing, Gary Gan. (Source: Standard & Poor’s Fund Services)
Pacific Focus18 Fund may invest up to 30% of its net asset value in foreign stock markets. The Fund is fully managed in-house by Pacific Mutual’s investment team.
Pacific Mutual now manages a total of 14 Funds, of which three are funds with global exposure. As at end-September 2006, it has close to 70,000 accounts under its management worth RM1.5 billion.
Source: www.pacificmutual.com.my
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