PETALING JAYA, Malaysia, April 4, 2017 /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 RM31.3 million to investors of the following funds:
| Pacific Pearl Fund: |
7.00 sen per unit (annual distribution) |
| Pacific Dana Aman: |
3.50 sen per unit (annual distribution) |
| Pacific Dana Murni: |
1.70 sen per unit (annual distribution) |
| Pacific Focus China Fund: |
2.50 sen per unit (annual distribution) |
| 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: |
1.06 sen per unit (quarterly distribution) |
| Pacific Cash Deposit Fund: |
0.70 sen per unit (quarterly distribution) |
Commenting on the outlook for the second quarter of 2017, Chief Executive Officer and Executive Director of Pacific Mutual, Teh Chi-cheun, said, "For the second quarter of 2017, some main factors to watch out for are execution by US President Trump of his economic policies, especially the tax cuts and fiscal spending, and further details on his trade policies especially on China."
Teh further added, "The speed at which inflation picks up in the US and globally, is an area of concern. If inflation increases much faster than income growth and interest rates, it will erode purchasing power and impede economic growth. We expect rotational play to occur as monies flow to assets which prices have lagged."
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 March 2017, Pacific Mutual manages RM1.5 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 Leong | cindy@pacificmutual.com.my | 03 - 7725 9877 ext. 173
Cindy Thean | cthean@pacificmutual.com.my | 03 - 7725 9877 ext. 148
