to be frank....I think most of the Equities Funds around the world are also affected in 2008....some had recovered aggressively and some had not.....
use the morning star tools to see their performance......
http://my.morningstar.com/ap/fundselect/results.aspxbut please take a note,....
"Don't choose any unit trust fund just because its performance was good. Instead, make sure the fund meets your risk appetite and financial goals"
"Those performance data are historical data....that means it may not reflects their possible future performance".
"What is "Better fund" now; May be the worst fund too the next year".
if you are interested in the PB/PM monthly funds review can get it from here
http://www.publicmutual.com.my/OurProducts...FundReview.aspx 
"if there's a better fund than this"?......yes
(and no) ...it depends on what you seek

btw,...I think you need to pay X% Sales charge when you switch from the current FI to Growth fund..have a thought about it.
Appreciated.
I'm planning to KIV first to see whether if the economy performs better in next year.