KUALA LUMPUR, June 30 — Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd, has declared RM184 million in distributions for 13 of its funds for the financial year ended June 30, 2014.

PB Islamic Bond Fund received the highest gross distribution, of 6.00 sen per unit. It was followed by PB Growth Fund (5.50 sen), PB Fixed Income Fund (5.00 sen).

PB Balanced Fund and PB Infrastructure Bond Fund declared 4.25 sen per unit and 4.00 sen per unit respectively.

In a statement, the unit trust entity said PB Islamic Bond Fund sought to provide annual income to investors through investments in Islamic debt securities, while PB Growth Fund aimed to achieve capital growth through investments in a diversified portfolio of growth stocks.

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PB Fixed Income Fund aimed to provide a steady stream of annual income through its investments in private debt securities (bonds) and money market instruments.

“PB Balanced Fund aims to provide steady income and capital growth over the medium- to long-term period and it comes with free insurance coverage for unitholders,” it said.

PB Infrastructure Bond Fund seeks to provide annual income to investors through investments in fixed-income securities of companies in the infrastructure sector.

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Public Mutual said all PB Series of Funds were distributed via Public Bank branches. Public Far-East Consumer Themes Fund, Public Islamic Savings Fund and Public Islamic Money Market Fund dividends were distributed by Public Mutual unit trust consultants. — Bernama