Pacific Mutual Distributes RM 15.29 million

In short, the income distribution is as follow:

(i) Pacific Millenium Fund, 7 sen per unit.
(ii) Pacific Recovery Fund, 7 sen per unit.
(iii) Pacific Select Balance Fund, 4.5 sen per unit.
(iv) Pacific Select Income Fund, 4.5 sen per unit.

PACIFIC Mutual Fund Bhd has announced a total of RM15.29 million in income distribution for four of its funds for the financial year ended June 30, 2007.

The funds concerned are the Pacific Millennium Fund, Pacific Recovery Fund, Pacific Select Balance Fund and Pacific Select Income Fund.

“Investors who want to build a balanced investment portfolio must never leave out local equity funds even though the offshore funds are good for geographical diversification,” said Pacific Mutual’s general manager of business development and marketing Gary Gan in a statement today.

“Our economic momentum is expected to be stronger in the second half of the year in tandem with an anticipated recovery in the external sector coupled with the continued pick-up in domestic demand,” Gan said.

Source: Business Times

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