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| · 2007 · 2006 · 2005 · 2004 · 2003 · |
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| DISCLAIMER |
| While it is the duty of the Manager to ensure that all comments given to the press is accurate and true at the time the comments were given, misquotation by the press may still occur, which is outside the Manager’s control. In such situation, Pacific Mutual Fund Bhd and its employees hold no responsibility for any claims and liabilities due to the misquotation by the press and is under no obligation to fulfil any expectation or demand in relation to the misquoted statements. |
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| PACIFIC MUTUAL BULLISH ON DIVIDEND FUND |
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| Petaling Jaya, 18 November — Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, launched Pacific Dividend Fund today. As the name implies, the Fund has an investment strategy of buying into stocks with sustainable and high dividend yields. |
| Prior to the launch of Pacific Dividend Fund,
Pacific Mutual had conducted studies on portfolios of dividend stocks and their returns
compared to the KLCI. These studies have shown that generally, a portfolio consisting of
high-yielding dividend stocks have outperformed the KLCI by more than 100% in the last
eight years. This outperformance only represents the capital gains of the stocks. If
dividends paid out were included, this portfolio would outperform the KLCI by 150% during
the whole period under review. |
| Pacific Dividend Fund was therefore created to
capture the benefits of dividend style investing. It can invest a maximum of 80% of the
assets in high dividend yield stocks, with a specific aim to beat the returns on banking
fixed deposit rates. Out of the Fund’s equity allocation, 70% of it will be invested
in stocks with a track record of having paid dividends three out of the last five years. |
| "The increasing emphasis on good
corporate governance coupled with improvement in corporate dividend yields to enhance
shareholder value in Malaysian companies, have created an opportunity for Pacific Dividend
Fund's investors to capture all the benefits of dividend-style investment", said
CEO Michael Auyeung. |
| He further added, "More than 15 public
listed companies mainly from the main board declared special dividends ranging from 5% to
35% this year. Some of these dividends were also tax exempt. On top of that, the current
top 50 dividend-yielding stocks in the KLSE have an average dividend yield of 6% to 7%.
Further, the deployment of active and prudent fund management expertise and resources
should improve the yield and total returns potential even further." |
| Besides the capital growth potential, the Fund
is especially suited for investors who want a safer equity investment while providing them
with recurring income potentially higher than fixed deposit rates and bond returns. The
Fund is said to be a safer equity investment because listed companies that pay consistent,
attractive, high dividends relative to their share price tend to be more established
companies in stable industries with moderate growth and lower requirement for capital
expenditure. Furthermore, the attractive or high dividend yield of these stocks provides a
cushion to the stocks prices in a bearish market. Pacific Dividend Fund ideally should be
held for three to five years. |
| Michael stressed, "Pacific Mutual is very
bullish about this new product of ours. It is a known fact that many who invest directly
in the stock market has made dividend stocks a core component in their portfolio, and now
we are bringing to the investing public of Malaysia a Fund that focuses just on these
consistent, high-yielding dividend stocks, hand picked by our team of experienced
investment experts." |
| The Company has embarked on a nationwide
promotion of its new Fund through a series of private seminars for both its investors and
Consultants. During the promotion period from 18 November to 31 December 2003, investors
of Pacific Dividend Fund will enjoy 0.5% additional units and a complimentary special
personal accident coverage on top of the usual group term life insurance coverage.
Currently, the Fund is available through Pacific Mutual';s offices and Consultants. |
| Pacific Dividend Fund is the fifth fund
launched by Pacific Mutual this year, and the Company's twelfth Fund since its
inception in 1995. Pacific Mutual has over 60,000 accounts under its management worth more
than RM1.32 billion in its Funds as at end-October 2003, thus placing the Company as one
of the top 10 players in the local unit trust industry. |
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| PACIFIC SELECT BALANCE FUND INCREASES SIZE TWO MONTHS AFTER LUNCH |
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| Petaling Jaya, 13 October — Pacific Mutual Fund Bhd, one of the leading unit
trust management companies in Malaysia, has recently received the approval from Securities
Commission to increase the maximum approved fund size of Pacific SELECT Balance Fund. |
| Pacific SELECT Balance Fund was launched just
two months ago on 11 August 2003. Its initial maximum approved fund size was 300 million
units and with the approval from the Securities Commission it is now increased by more
than 2 fold to 800 million units. This Fund is exclusively distributed by OCBC Bank
(Malaysia) Berhad. |
| Since the Fund's launch on 11 August 2003,
OCBC Bank has sold more than 229.4 million units or RM115.1 million of this Fund. |
| CEO of Pacific Mutual, Michael Auyeung said, "The
overwhelming response received by this Fund is due to its customised features which was
designed to suit the investment needs and risk/return spectrum of OCBC Bank's customers.
This was an important consideration when we structured the Fund as OCBC Bank was appointed
as the exclusive distributor for the Fund." |
| Twenty-five branches and 10 Premier Banking Centres of the Bank
are selling this Fund nation wide. A maximum of 60% of the Fund's net asset value
(NAV) is allocated into equities, and at least 50% of this allocation will be invested in
companies with a market capitalisation of at least RM750 million for each company. Pacific
SELECT Balance Fund aims to provide medium to long-term capital growth and some income by
actively allocating its assets among a diversified portfolio of equity and fixed income
securities according to market conditions. |
| Michael added, "The encouraging sales of this Fund was also
due to the conducive stock market environment to move into balance funds, which provide
more exposure to equities. While the Fund provided exposure to equities, the 40% fixed
income portion of the Fund would see to the matching of the Fund's investments to the
moderate-risk level of the Bank's customer profile." |
| In addition to being the exclusive distributor
of Pacific SELECT Balance Fund, OCBC Bank is also the exclusive distributor of Pacific
SELECT Income Fund, which was also launched on 11 August 2003. |
| Pacific Mutual now manages a total of 11
Funds. As at 10 October 2003, it has over 60,000 accounts under its management worth more
than RM1.34 billion in its Funds, thus placing the Company as one of the top 10 players in
the local unit trust industry. Before 2003 ends, Pacific Mutual plans to launch another
equity fund for the investing public of Malaysia. |
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| PACIFIC MUTUAL EXPECTS GOOD MARKET PROSPECTS TO CONTINUE AFTER UNIT SPLIT AND DISTRIBUTION FOR FUNDS |
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| Petaling Jaya, 1 October — Pacific Mutual Fund Bhd, one of the leading unit
trust management companies in Malaysia, has announced a unit split of six for every 100
units held for Pacific Premier Fund as at 30 September 2003. |
| At the same time, Pacific Income Fund would be paying an income
distribution of 3 sen per unit for its financial year ended 30 September 2003. This
translates to 5.5% based on the Fund's Manager Selling Price prior to the distribution. |
| Chief Investment Officer of Pacific Mutual, Arnold Lim, said,
"We remain bullish on the equity market and therefore for the prospects of Pacific
Premier Fund. We believe the recovery in the US is gaining momentum and with signs of
recovery in Japan, Malaysia will benefit from higher exports. Further, linkages between
Malaysia and China will grow. Increasingly, Malaysian corporates are relocating factories
to China to meet domestic demand and for export. China's sustained
economic growth is absorbing Malaysian goods and driving our manufacturing base. Brighter
days are ahead for the Malaysian economy and the stock market." |
| Pacific Premier Fund is a growth and income
fund that has a bias towards growth stocks, but with exposure to blue chips and income
stocks as well. The Fund has won The Edge-Lipper Malaysian Unit Trust Fund Awards twice in
the past three years as the best Equity Growth & Income Fund. |
| On the other hand, Pacific Income Fund is a
fairly conservative balanced fund that concentrates on income generation. It is ideal for
income-centric investors who would also like relatively safer exposure to the equity
market. |
| Pacific Mutual now manages a total of 11
Funds. As at 30 September 2003, it has over 60,000 accounts under its management worth
more than RM1.27 billion in its Funds, thus placing the Company as one of the top 10
players in the local unit trust industry. Before 2003 ends, Pacific Mutual plans to launch
another equity fund for the investing public of Malaysia. |
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| PACIFIC MUTUAL INTRODUCES FUNDS FOR OCBC BANK'S CUSTOMERS |
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| Petaling Jaya, 11 August — Pacific Mutual Fund
Bhd, the unit trust arm of PacificMas Berhad, has introduced two new Funds today, namely
Pacific SELECT Balance Fund and Pacific SELECT Income Fund, exclusively for OCBC Bank
(Malaysia) Berhad's customers. |
| Pacific SELECT Balance Fund combines the
advantages of a pure equity fund (capital growth) and pure bond fund (capital preservation
and regular income) with at least half of its equity investments to be invested in large
capitalisation stocks, thus making the Fund prudently diversified for optimal benefits.
The Fund is targeted at investors who have moderate risk appetite and reasonable return
expectations. |
| On the other hand, Pacific SELECT Income Fund
is an enhanced bond fund targeted at low-risk appetite investors who are seeking
investments that provide capital preservation plus some income returns. The Fund will
invest mainly in higher-grade bonds and have a small allocation in equities, mainly in
large-capitalisation stocks. If invested over a medium-term period of about five years,
the Fund has a good chance of preserving their money even if the market should take a
severe downturn, and still offer some returns potential. |
| These Funds are tailor-made for customers of OCBC Bank by Pacific
Mutual. They were specially designed to meet the return expectations, more conservative
risk profile and asset allocation needs of OCBC Bank's customers and to aid in maximising customers' wealth
through prudent diversification over a longer-term period. |
| The two Funds will leverage on the combined strengths of OCBC
Bank's banking and wealth management services, and the prudent fund management
capabilities of Pacific Mutual, both working hand-in-hand to better serve the investment
needs of OCBC Bank's customers. The Bank's parent company, OCBC Singapore, owns 28.15% of
PacificMas Berhad through direct and indirect shareholdings. |
| Dato' Albert Yeoh, Director and CEO of OCBC Bank said, "The synergy effort between OCBC Bank and Pacific Mutual will strategically enhance
the capabilities of both corporations in terms of service, product innovation, investment
management and pricing. We hope to achieve more than RM50 million worth of investments
from these Funds in two months' time," he added. |
| According to Michael Auyeung, CEO of Pacific
Mutual, "The Funds are designed to be viable investment alternatives to fixed
deposits and Pacific SELECT Balance Fund has one of the lowest service fees for a
balanced-type fund. This translates to value investments as more money will be working for
investors to generate better returns for their investments." He further added, "Investors of these Funds can leverage on the collective investment expertise of
Pacific Mutual to make the asset allocation and portfolio rebalancing decisions on their
behalf so that they will incur less switching costs as a result, and without the risk of
untimely decisions." |
| On the current market condition, Michael added, "The Funds' primary
asset classes present attractive return opportunities going forward. Economic recovery is
increasingly tangible, which should see improving consumer sentiment and corporate
earnings. This should drive investment interest in the equity market. Amidst a moderate
inflationary environment, fixed income yields are now starting to look attractive again
for long-term return enhancement." |
| OCBC Bank is a Singapore-based financial
services group with assets of S$84 billion and operations in 14 countries including
Malaysia, China, Japan, Australia, UK and USA, and has more than 125 branches and
representative offices around the world. OCBC Bank offers a range of specialist financial
services including consumer, corporate, investment, private and transaction banking,
global treasury, asset management and stockbroking services to its customers. |
| In Malaysia since 1917, OCBC Bank offers a
full range of financial services through its 25 branches and is today, one of the largest
foreign banks in the country with assets of RM22.3 billion. The Bank actively promotes
investment services to its customers since it became an Institutional Unit Trust Agent
(IUTA) in May 2000. |
| With the two new Funds, Pacific Mutual now
manages a total of 11 Funds. It has over 60,000 accounts under its management worth more
than RM1.15 billion in its Funds, thus placing the Company as one of the top 10 players in
the local unit trust industry. |
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| FENG SHUI TALK FOR A GOOD CAUSE |
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| On 12 July 2003, Pacific Mutual Fund Bhd
organised a "tea talk" for its Prestige Investors entitled Feng Shui For
Interiors by renowned feng shui master, Ms. Lillian Too, at the Sheraton Subang Hotel. |
| Guests of the talk were kind enough to agree
to donate a small fee, which Pacific Mutual matched dollar-for-dollar. All in, Pacific
Mutual and its Prestige Investors collected RM2,288 which was then donated to Pusat
Penjagaan Kanak-Kanak Cacat Taman Megah (PPKKCTM). |
| S. K. Manikumar, the Trustee of PPKKCTM,
started this centre in April 1997 with a noble vision of helping disadvantaged children
and children with special needs to acquire the necessary skills to become self-supporting
and valuable contributors to society. As a handicapped person himself, Manikumar was all
too aware of the hurdles faced by these children. |
| Currently, the centre houses 126 children who
are of multiple forms of handicap such as down syndrome, autistism, cerebral palsy,
mentally retardation, global delay, muscular dystrophy, speech/audio/vision impairment,
dwarfism and learning disabilities. |
| PPKKCTM needs RM33,000 per month just to
maintain the home. Two thirds of its income come from sales of souvenirs produced by the
inhabitants and the rest are contributions from parents of the children, the public and
good corporation citizens. |
| Interested parties can contact PPKKCTM at
03-7806 1143. |
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| DISTRIBUTIONS FOR PACIFIC MUTUAL'S FUNDS |
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| Petaling Jaya, 1 July — Pacific Mutual Fund
Bhd, the unit trust arm of PacificMas Berhad, has announced income distributions of 3 sen
and 5 sen for its Pacific Millennium Fund and Pacific Recovery Fund respectively, for the
financial year ended 30 June 2003. This translates to a distribution of 5.67 percent and
8.96 percent based on the selling prices of the Funds respectively. |
| According to calculations by independent fund rating agency
Standard & Poor's Fund Services Asia Ltd, Pacific Millennium Fund had achieved a
total return of 27.43 percent since its inception 15 April 1999 until 13 June 2003. Over
the same period, Pacific Recovery Fund posted a total return of 41.65 percent. This
compares to a loss of 0.25 percent on the KLCI. |
| CEO, Michael Auyeung said that the two Funds
are prudently managed with a view to optimising returns to investors at acceptable levels
of risk. He added, "Where we perhaps have an edge over our competitors is in our
steadfast application of a proven fund management style. To ensure this success, we devote
an inordinate amount of resources to the fund management process, inclusive of a
six-member investment team and an extremely accomplished investment committee". |
| Michael added, "Our decision to increase the Funds' equity
weightings recently has been rewarded during the recent market run-up. The long-term
outperformance of our Funds is the testimony of our successful combination of asset
allocation and stock selection strategies". |
| The top five holdings for Pacific Millennium
Fund are Maybank, Telekom, Resorts, Maxis and Tenaga. As for Pacific Recovery Fund, its
top five holdings are Commerce Asset-Holding, Telekom, Resorts, Berjaya Sports Toto and
Hong Leong Bank. The two Funds now have a combined fund size of 367 million units. |
| Pacific Mutual currently manages a total of nine Funds, including
two newly-launched Islamic funds — Pacific Dana Murni and Pacific Dana KLSI. It has
over 60,000 accounts under its management worth more than RM1 billion in its Funds. |
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| UNIT SPLIT AND DISTRIBUTION FOR PACIFIC MUTUAL'S AWARD WINNING FUNDS |
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| Petaling Jaya, 1 April — Pacific Mutual Fund
Bhd, the unit trust arm of PacificMas Berhad, has announced a unit split of 5 units for
every 100 units held for its Pacific Pearl Fund, and an income distribution of 4 sen per
unit for its balanced equity Islamic fund, Pacific Dana Aman. |
| Pacific Pearl Fund is a small cap equity fund
that has recently won The Edge-Lipper Malaysian Unit Trust Fund Awards 2002 as the best
fund in the Equity Small Companies category for 5-year performance ended 31 December 2002. |
| Pacific Dana Aman, is Pacific Mutual's first Islamic
fund launched back in 1998. The Fund has since won The Edge-Lipper Malaysian Unit Trust
Fund Awards two years consecutively as the top Equity Islamic/Syariah fund for three-year
performance ended 31 December 2001 and 31 December 2002. Pacific Dana Aman is also the
winner of the Equity Islamic (Three Years) category at the Star/Standard & Poor's
Investment Funds Award Malaysia 2003. |
| The popularity of Pacific Dana Aman among Pacific Mutua's
investors has resulted in the increase of the Fund's maximum approved fund size, not once but twice in
2002. The maximum approved fund size of Pacific Dana Aman was first increased from 200
million units to 500 million units in May 2002 and in September 2002, it was increased
once again to 1 billion units. |
| The 4 sen distribution for Pacific Dana Aman would translate to a
distribution of 8.3% for investors based on the current Manager's selling price of
the Fund. |
| CEO, Michael Auyeung said that the two Funds
are prudently managed with a view to optimising returns to investors at acceptable levels
of risk. He added, "Where we perhaps have an edge over our competitors is in our
steadfast application of a proven fund management style. To ensure this success, we devote
an inordinate amount of resources to the fund management process, inclusive of a
six-member investment team and an extremely accomplished investment committee. |
| "Pacific Mutual remains vigilant on the market. The Company
has positioned the Funds pretty much at the desired exposure levels given the Company's analyses
of the war scenario. Over the longer term, the constant re-evaluation of the Malaysian and
global recovery prospects countered against potential strains and financial rupture
points, will be crucial inputs into our investment decisions. We will remain on guard for
any downside risks in our assessment of equities values and corporate earnings growth
forecasts." |
| Pacific Mutual currently manages a total of nine Funds, including
two newly-launched Islamic funds — Pacific Dana Murni and Pacific Dana KLSI. It has a
total of 60,000 investors who have invested about RM1 billion in its Funds. |
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| PACIFIC MUTUAL EXPANDS SYARIAH FUNDS OFFERING |
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| Kuala Lumpur, 25 March — Pacific Mutual Fund
Bhd, a leading Malaysian unit trust management company, is launching today its eighth and
ninth Funds, Pacific Dana Murni and Pacific Dana KLSI. |
| Pacific Dana Murni is a conservative Islamic
bond fund, where investors can enjoy tax exemption and gain excess to the Islamic bond
market. The Fund aims to achieve stable income stream with reasonable protection of
capital by investing in a diversified portfolio of Islamic debt securities and other
liquid assets which comply with Syariah principles. The Fund may also provide some degree
of capital growth potential over a medium to long-term period. |
| Pacific Dana KLSI is an aggressive Islamic
equity index fund that aims to achieve medium to long-term capital growth by tracking the
KLSE Syariah Index (KLSI). The Fund offers a unique lower fees structure with active asset
allocation feature. |
| Pacific Dana Murni and Pacific Dana KLSI are the second and third
Islamic funds offered by Pacific Mutual. In 1998, Pacific Mutual launched its first
Islamic fund — Pacific Dana Aman. The Fund has since won The Edge-Lipper Malaysian Unit
Trust Fund Awards as the best Islamic/Syariah Equity fund two years consecutively for
three-year performance ended 31 December 2001 and 31 December 2002. The Fund's
popularity among our investors has resulted in the increase of the Fund's maximum
approved fund size, not once but twice in 2002 — from 200 million units to 500 million units in May
2002, and from 500 million units to 1 billion units in September 2002. |
| With the introduction of these two Syariah funds, Pacific Mutual
now offers a complete range of Syariah investments to cater to the full breadth of
investor needs — conservative (Pacific Dana Murni), fairly aggressive (Pacific
Dana Aman) and aggressive (Pacific Dana KLSI). |
| With this complete range, investors are now able to increase
participation in the Government's vision to establish Malaysia as an international
Islamic capital market centre. According to the Capital Market Masterplan 2001, the
country's access to an increasingly affluent population with a high level of
savings, coupled with the significant concentration of prospective consumers of Islamic
financial products and services within Asia, provides a potentially significant market for
Malaysian products and services which conform to Islamic religious principles. |
| Pacific Mutual's CEO Michael Auyeung mentioned that, "On the
demand side, the Unit Trust industry also has a significant role to play in the fulfilment
of the Capital Market Masterplan. Their role as collective investment schemes makes them
ideal vehicles for giving the retail and corporate investor an avenue for participating in
Syariah offerings. As such, local unit trust management companies are now just beginning
to offer more and more unit trust funds that comply with the Syariah principles to
investors. According to the Securities Commission's latest statistics, the fund size of Islamic unit
trust funds in the country has grown 33 percent from RM43,300.56 million in June 2001 to
RM57,477.64 million in June 2002. While progress has been significant, there is still
ample potential growth for the benefit of both Muslim and non-Muslim investors." |
| Pacific Mutual currently manages a total
combined fund size of nearing RM1 billion on behalf of 60,000 investors and is currently
ranked seventh in terms of fund size among 28 private unit trust management companies in
Malaysia. |
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| PACIFIC MUTUAL OPENS SEVENTH BRANCH OFFICE IN MALAYSIA |
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| Melaka, 24 February — Pacific Mutual Fund
Bhd, a leading Malaysian unit trust company recently opened a branch office in Melaka.
With the new office, Pacific Mutual now has a total of seven branch offices throughout
Malaysia. The other six branches are located one each in Penang, Ipoh, Johor Bahru,
Kuching, Miri and Kota Kinabalu. |
| In view of the growing number of consultants, institutional unit
trust agents and investors in Malaysia, the branch offices are indicative of Pacific
Mutual's commitment to improve the speed and quality of services provided to both
its business partners and investors. These offices will function as the core support
centres for Pacific Mutual in these states. Specifically, they would facilitate the
dissemination of the latest information and materials and conduct investment transactions.
The new branch office in Melaka would improve Pacific Mutual's reach to
investors in Melaka hence augment services provided by the other sixth existing branch
offices. |
| Y.B. Datuk Chong Tam On, Vice Chairman of the Melaka State
Council, Tourism and Cultural Development, in officiating the opening of Pacific Mutual's Melaka
branch office on 24 February 2003, commented on the developments in the unit trust
industry. He said, "For the year 2002, the total funds managed by unit trust
management companies grew by nearly 13.4% or RM6.34 billion while units issued rose by
18.4% to 84.53 billion. In the same period, the number of unit trust accounts stood at
10.18 million compared with 9.99 million previously." He added, "From January
2001 to December 2002, 25 new unit trust funds were launched reflecting a continuous
demand for unit trusts by investors." |
| Y.B. Datuk Chong also commended industry players for moving away
from traditional methods of distributing unit trusts to one of increasing professionalism.
He said, "The unit trust industry is stepping up efforts to educate its consultants
and investors on the basics and importance of financial planning. With this education,
consultants would be able to assess their clients' financial needs and recommend an
optimal investment portfolio to help them achieve these goals." |
| Y.B. Datuk Chong added, "Many unit trust consultants are
also currently undertaking the various professional financial planning courses such as the
Certified Financial Planner to enhance their knowledge and understanding of financial
planning. This is a right step in further raising the unit trust industry's image
and credibility in the eyes of the investing public." |
| According to Mr Choi Siew Hong, Chairman of
Pacific Mutual, the quality of products and service level provided to customers,
particularly in the financial service industry, is the key to compete vigorously in this
increasing competitive business environment. He further added that in order to meet the
challenges in the demanding business environment ahead, they will continue to focus their
efforts in achieving business growth by cultivating a sales and customer-oriented culture. |
| Mr Choi also announced that just last week during The Edge-Lipper
Malaysian Unit Trust Fund Awards presentation, Pacific Mutual's funds grabbed
three awards. Pacific Dana Aman won the award for the best Islamic Equity fund for 3-year
performance ended 31 December 2002; Pacific Premier Fund and Pacific Pearl Fund were the
best funds in their respective categories for 5-year performance ended 31 December 2002.
The commendable achievement was due in no small part to the diligent efforts of the
investment team and the guidance of an investment committee comprising directors and
advisors with very varied and wide experience in financial affairs. |
| Pacific Mutual will continue to step up its
efforts to raise public awareness of unit trust investment. Greater public participation
and increasing institutionalised investments are key ingredients in building stability
into the stock market. Such investments under the care of full-time professionals will
render even more efficient the allocation capital as Malaysia rides the wave of economic
recovery in the times ahead. |
| Going forward, Pacific Mutual will continue to develop innovative
products and services to meet the wide-ranging financial objectives and profiles of
investors. With an existing range of well-performing funds and an increasing number of
well-equipped and well-trained consultants, the new branch office would act as further
catalyst for the next stage of Pacific Mutual's growth in Melaka. |
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