Public Mutual emerged as the biggest winner at the Morningstar Asia

Public Bank’s wholly-owned subsidiary, Public Mutual emerged as the biggest winner at the Morningstar Asia (Malaysia) 2007 Fund Awards by winning 4 of the 6 awards. Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said he is very proud that Public Mutual won the most number of awards at Morningstar Asia (Malaysia) 2007 Fund Awards. He attributed the company’s success to its effective investment strategies. He also thanked the unitholders and unit trust consultants for their confidence and support.
The objective of the Morningstar Fund Awards is to recognize funds and fund groups that have added the most value within the context of a relevant peer group for investors over the past one year period but funds must also have delivered strong three-year and five-year risk adjusted returns in order to obtain awards. The awards selection criteria also take into consideration qualitative factors which include assessing whether or not there are fundamental risks in a fund too high to merit an award and whether or not a fund is deemed to have deviated from its stated mandate.

The four awards won by Public Mutual are:

No Category Category Groupings Fund
1 Equity Islamic Syariah Public Ittikal Fund
2 Equity Malaysia Equity Public Growth Fund
3 Fixed Income Malaysia Ringgit Bond Public Bond Fund
4 Balanced Malaysia Ringgit Balanced PB Balanced Fund


Public Mutual is the largest private unit trust company in Malaysia and it currently manages 62 funds for more than 1,800,000 accountholders. As at 30 May 2008, the total fund size managed by the company was RM28.4 billion.

Market Wrap report for the week ended 27 June 2008

WEEKLY HIGHLIGHTS

The KLCI fell to a 14-week intraday low of 1,186.7 points on Friday as regional shares tumbled following the sharp pull-back on Wall Street on Thursday. The index closed at 1,190.5 points to register a loss of 1.3% for the week.
Regional markets retraced in line with the Dows sharp decline of 3% on Thursday and the spike in oil prices to above US$142/brl on Friday.
The market is anticipated to move in tandem with overseas markets as investors monitor the outlook for oil prices, economic growth and interest rates in the U.S.