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Pacific Mutual Pays RM18.6 Million to Investors

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PETALING JAYA, Malaysia /PRNewswire/ — In a statement today, Pacific Mutual Fund Bhd, an investment management company under the OCBC Group, with internal resources to manage both local and global investments for its clients, has announced income distributions amounting to RM18.6 million to investors of the following funds:

Pacific AsiaPac Income Fund:

2.00 sen per unit

Pacific Dividend Fund:

5.00 sen per unit

Pacific Cash Fund:

0.40 sen per unit (quarterly distribution)

Pacific Islamic Cash Fund:  

1.00 sen per unit (quarterly distribution)

Pacific Emerging Market Bond Fund:

0.96 sen per unit (quarterly distribution)

Pacific Cash Deposit Fund:

0.70 sen per unit (quarterly distribution)

 

Teh Chi-cheun, Chief Executive Officer & Executive Director, Pacific Mutual Fund Bhd
Teh Chi-cheun, Chief Executive Officer & Executive Director, Pacific Mutual Fund Bhd

2017 marks the beginning of Pacific Mutual’s 23rd year in operations in Malaysia. In two years the company will be celebrating its quarter century presence in Malaysia.

According to the company’s Chief Executive Officer and Executive Director, Teh Chi-cheun, “Being able to reach a quarter century old in this industry takes a great deal of effort and business acumen from both management and staff. We must recognise opportunities fast and grab it. On top of that, we are also very grateful to all our investors who have continuously supported and trusted us all these years.”

“In investment management, it is important that we must manage risks as much as we manage returns. Achieving high investment returns is every investor’s goal, but as responsible fund managers, we must not subject our investors to unnecessary risks. This is one reason why many investors have stayed with Pacific Mutual from the first year it started operations in Malaysia,” added Chi-cheun.

Throughout its more than two decades presence in Malaysia, Pacific Mutual has achieved many firsts. The company was one of the first few unit trust management companies who manage global (offshore) funds internally by its investment team operating in Malaysia. Going forward, Pacific Mutual will continue with its product innovativeness and at the same time managing risks and returns prudently for its investors.

To ensure the company starts its second quarter century presence in Malaysia with a strong and sound foundation, Pacific Mutual aims to double its total asset under management (AUM) by the end of 2017, to close to RM3 billion.

The company is a member of the OCBC group, and is a subsidiary of the Group’s asset management arm, Lion Global Investors Limited (formerly known as Lion Capital Management Limited). Pacific Mutual receives investment advisory support from the vastly diversified investment team of Lion Global Investors Limited, who is one of the largest asset managers in Southeast Asia, with USD31.2 billion assets under management (as at 30 September 2016).

PACIFIC MUTUAL FUND BHD is a subsidiary of Lion Global Investors Limited (formerly known as Lion Capital Management Limited), a company incorporated in Singapore since 1986. Both companies are members of the OCBC Group. As at the end of 2016, Pacific Mutual manages RM1.40 billion on behalf of its unit trust investors and private mandate clients. For more information, kindly log on to www.pacificmutual.com.my.

MEDIA CONTACT:

Cindy Thean, +603-7725-9877 ext.226, cthean@pacificmutual.com.my
Geraldine Choong, +603-7725-9877 ext.227, geraldine@pacificmutual.com.my

Photo – http://photos.prnasia.com/prnh/20170103/8521608431

Source: Pacific Mutual Fund Bhd

Written by asiafreshnews

January 4, 2017 at 3:29 pm

Posted in Uncategorized

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