Pacific Mutual announces income distribution for 11 funds
Pacific Mutual announced an income distribution of RM28.83 million for 11 of its funds for the financial years/interim periods ended March 31, 2012.
It said the unit holders of Pacific Pearl Fund will get an income distribution of 6.00 sen per unit, Pacific Dana Aman 3.00 sen, Pacific Dana Murni 1.75 sen, Pacific Cash Fund 0.25 sen, Pacific Asia Brand Fund 2.00 sen and the Pacific SELECT Bond Fund, 1.30 sen.
It also said the unit holders of Pacific ELITE Dividend Fund gets 3.00 sen per unit, Pacific ELIT Dana Aman 3.00 sen, Pacific ELIT Dana Dividen 3.00 sen, Pacific ELIT Islamic AsiaPac Balanced Fund 2.50 sen and Pacific Global A.I.R. Fund, 1.50 sen.
Pacific Mutual said a good medium to long-term investment strategy is for investors to have a proper mix of growth and income funds in their portfolio that best suit their financial needs and investment horizon.
Pacific Mutual, the investment arm of the PacificMas Bhd and a member of the OCBC group, currently manages a total of 30 Funds, including 15 Funds with foreign investment mandates and two wholesale Funds.
It also manages private mandate funds under its asset management business. As of March 2012, Pacific Mutual managed RM2.1 billion on behalf of its unit trust investors and private mandate clients.
