New funds from Public Mutual:

Public China Select Fund (PCSF) and Public Islamic Money Market Fund (PIMMF)

http://www.publicmutual.com.my/article.aspx?id=6081

I also think that Public Mutual action is a little late.

Public Mutual Declares Distributions and Unit Split for Its Funds

Public Bank's wholly-owned subsidiary, Public Mutual declares gross distributions and unit split for seven of its funds. The gross distributions and unit split declared are for financial year / period ended 31 May 2007:

Public Far-East Select Fund
- Gross distribution of 4.00 sen per unit
Public Regional Sector Fund
- Gross distribution of 2.50 sen per unit
Public Ittikal Fund
- Gross distribution of 9.00 sen per unit
Public Islamic Equity Fund
- Gross distribution of 4.25 sen per unit
Public Dividend Select Fund
- Gross distribution of 2.50 sen per unit
Public Balanced Fund
- Gross distribution of 9.00 sen per unit
Public Select Bond Fund
- Gross distribution of 4.50 sen per unit and unit split of 1:25 (1 unit for every 25 units held)

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said both Public Far-East Select Fund and Public Regional Sector Fund aim to achieve long-term capital appreciation by investing in domestic and regional markets. "According to The Edge-Lipper Fund Table dated 21 May 2007, Public Far-East Select Fund and Public Regional Sector Fund have generated a one-year return of 27.86% and 23.97% respectively for the period ended 11 May 2007. Both funds have significantly outperformed their respective benchmarks," he continued.

Meanwhile, Public Ittikal Fund, Public Islamic Equity Fund, Public Dividend Select Fund and Public Balanced Fund have delivered an impressive one-year return of 37.45%, 36.08%, 34.90% and 34.53% respectively for the period ended 11 May 2007 on the back of the strong performance of the local market over the same period. These funds have the mandate to invest up to 30% of the funds' net asset value in overseas markets.

As for Public Select Bond Fund, it has generated a one-year return of 6.86% for the one-year period ended 11 May 2007. The fund has outperformed its benchmark of 3.80% for the same period.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 42 funds for more than 1,000,000 accountholders. As at 21 May 2007, the total net asset value of the funds managed by the company was RM20.4 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6082

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Those bolded are the funds I have.

It's roughly one year from now to Olympic 2008. Perhaps can invest in this fund till Olympic 2008 ends.

Any comments on this Euro Pacific fund?

So, does this Euro Pacific fund good?

Public Mutual Increases Fund Size for Public Select Bond Fund

KUALA LUMPUR 5 June 2007 - Public Bank's wholly-owned subsidiary, Public Mutual announced that it has increased the fund size of Public Select Bond Fund (PSBF) from 500 million units to 750 million units.

Public Mutual's Chief Executive Officer Lam Kam Yin said the increase in fund size of PSBF by another 250 million units will allow the company to meet strong market demand.

Launched in November 2005, PSBF is a bond fund that aims to provide annual income through investments in fixed income securities which have a remaining maturity of 7 years and below and money market instruments. "PSBF allows investors access to the bond market which is usually inaccessible to the average investor as it is a market for institutions where the minimum transaction block amounts to RM5 million. The fund invests in a diversified portfolio of bonds, which comprises mainly of corporate bonds to produce returns that are significantly better than fixed deposits," he continued.

He added that PSBF is suitable for investors who have conservative risk-reward temperament and who seek stability of annual income with some safety of principal.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 44 funds for more than 1,000,000 accountholders. As at 21 May 2007, the total NAV of the funds managed by the company was RM20.4 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6096

Public China Select Fund

PBEPEF is under PB series fund. Not sure about the management.

Still very early to judge. Just started few days after the initial offering period.

Besides that time to response/act could be another reason that could affect the offshore fund performance especially on those concentrate a lot at US, Europe whereby we're sleeping while they're trading and vice versa.

Fund managers showing interest again in Malaysia

NEW YORK: Malaysia is back on the radar of top foreign fund managers who have been impressed with the Government's pro-business approach, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.

Despite the choices available to them in countries such as China and Vietnam, these fund managers did not want to miss out on Malaysia's potential, he said.

Nor Mohamed, who met 30 fund managers at an investment dialogue here organised by Goldman Sachs and CIMB, said he had the overwhelming feeling that US fund managers were a lot more interested in Malaysia now.

"There is a genuine interest. They have been monitoring us for a long time. They are fully aware of the developments in Malaysia and they are making the decision to come in now.

"The response was beyond expectation."

Among the fund managers he met were those from Discovery Capital Management, UBS Wealth Management & Business Banking Zurich, and Deutsche Asset Management.

Nor Mohamed said the fund managers had no major concerns about Malaysia.

"They are basically quite happy with what we are doing, eager to know whether we will proceed with our plans to transform our economy to one that is knowledge-based and innovation-based," he added.

He also found that there was great interest among the fund managers in the Iskandar Development Region (IDR) project which is targeting US$40bil (RM144bil) in foreign investments.

Nor Mohamed is here on a three-day visit. Besides meeting ratings agencies, he opened the CIMB branch here on Friday.

CIMB is Malaysia's second banking group after Maybank to set up shop in New York.

URL: http://thestar.com.my/news/story.asp?file=...4156&sec=nation

This post has been edited by David83: Jun 10 2007, 08:25 AM

How about other off-shore funds like PFES, PGSF, PFEBF, PFEDF and etc. as for your 1st point?

Maybe during the initial offer period of any new funds, one couldn't buy that new fund using EPF withdrawal scheme.

Just my guess, don't flame me.

This post has been edited by David83: Jun 13 2007, 05:38 PM

Sorry ... I forget the n't part ... it should be couldn't

Afraid that this fund might underperform like PGSF.

My friend bought it and I did help him to monitor the fund performance as at first, I'm kind of interested with it.

I posted that. I got two funds in that article. Not a good thing to declare distribution. Need to pay tax!

Unit split is good. Distribution is not good since taxable. Ha! Ha!

In term of distribution reinvest?