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| 2008 · 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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| ON THE MOVE |
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| Petaling Jaya, 5 October – Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has appointed its Chief Executive Officer, Michael Auyeung, as its Executive Director with effect from 24 September 2004. |
| Michael will endeavour to increase his contribution to the Company in his new capacity as Executive Director. He looks forward to the continued support and guidance of the more accomplished members of the Board. This appointment should enhance the translation of the Board's directives to the implementation stage, further aligning the wishes of the Board with the operations of the company and Michael's ongoing role as Chief Executive Officer. |
| Michael, who was appointed Chief Executive Officer in 2002, has nearly 15 years of experience in the financial services industry focusing on both the North Asian and ASEAN markets. Commencing with investment research, he subsequently moved on to institutional marketing and management positions with Malaysian based brokerages, before taking up his current position as Chief Executive Officer of Pacific Mutual. |
| Pacific Mutual now manages a total of 10 Funds. As at 4 October 2004, it has over 66,000 accounts under its management worth more than RM1.5 billion, placing the company as the seventh largest private unit trust management company in the industry. |
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| Issued by Corporate and Marketing Communications Department of Pacific Mutual Fund Bhd. For further information, please contact Ms. Cindy Leong at tel. no.: 03-7725 9877. Alternatively, please email cindy@pacificmutual.com.my. |
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| PACIFIC MUTUAL EXPECTS GOOD MARKET PROSPECTS TO CONTINUE INTO 2005 |
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| Petaling Jaya, 1 October – Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has announced
income distributions of 5 sen and 3 sen for Pacific Premier Fund and Pacific
Income Fund respectively, for their financial year ended 30 September 2004. |
| At the same time, Pacific SELECT Balance Fund and Pacific SELECT Income Fund, which are exclusively distributed by OCBC Bank, would be paying income distributions of 3.5 sen and 2.5 sen per unit. |
| Based on the Net Asset Value (NAV) of the Funds prior to these distributions, these would translate to income distributions of 7.32% for the unitholders of Pacific Premier Fund, 5.67% for Pacific Income Fund, 6.59% for Pacific SELECT Balance Fund and 4.75% for Pacific SELECT Income Fund. |
Chief Executive Officer of Pacific Mutual, Michael Auyeung, said, “The recently announced Budget 2005 clearly carries the message that Malaysia should be seen again as a country that welcomes foreign investors. By opening up various sectors to foreign fund managers, stockbrokers, futures brokers and venture capitalists, the Prime Minister is foretelling of more openness and a return to the mainstream of international markets.” |
| “With the fundamental changes and a likely return of foreign funds, we expect the market to test the 920 level sometime during this year. Looking into 2005, the KLCI should look to test four digits if there are no adverse major international incidents,” he continued. |
| 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. 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. |
| On the other hand, Pacific SELECT Balance Fund is a balanced fund that 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. Meanwhile, Pacific SELECT Income Fund is suitable for conservative investors who seek for a steady stream of income and at the same time aim to achieve modest capital growth over medium to long term. |
Pacific Mutual now manages a total of 10 Funds. As at 30 September 2004, it has over 66,000 accounts under its management worth RM1.49 billion in Funds managed, thus placing the Company as the seventh largest private unit trust management company in the industry. |
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| Issued by Corporate and Marketing Communications Department of Pacific Mutual Fund Bhd. For further information, please contact Ms. Cindy Leong at tel. no.: 03-7725 9877. Alternatively, please email cindy@pacificmutual.com.my. |
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| ON THE MOVE |
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| Petaling Jaya, 18 August – Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has appointed its Senior Manager, Investment, Geoffrey Ng Ching Fung as its new Chief Investment Officer with immediate effect. |
| Geoffrey has more than nine years of experience in the financial services industry, primarily in investment management. Prior to joining Pacific Mutual, he was Practice Leader of a professional services company specialising in information management, specialist training and business intelligence best practices for financial services. Preceding that, he was a licensed Portfolio Manager at one of the country's largest fund management institutions, with collective responsibilities in management of sovereign fixed income, corporate retirement (balanced) plans and fixed income allocations of unit trust mandates. |
| Geoffrey, who is a Chartered Financial Analyst and a Certified Financial Planner, currently carries the position of Vice-Chairman of the Malaysian Society of Financial Analysts. He also serves on the CFA Institute's Council of Examiners, headquartered in Virginia, U.S.A. He graduated with a Bachelor of Commerce from Carleton University, Ottawa, Canada, with double majors in Accounting and Finance. |
| Geoffrey said “Although Pacific Mutual's family of funds offer solutions to a wide range of investment objectives, our investment philosophy remains anchored toward discovering growth and income opportunities for our investors, while minimising investment volatility through robust risk management policies. The investment team will continue to strive toward strengthening its research and portfolio management capabilities toward further improving returns to our investors.” |
| Pacific Mutual now manages a total of 12 Funds. As at 17 August 2004, it has over 66,000 accounts under its management worth more than RM1.44 billion, placing the company as the seventh largest private unit trust management company in the industry. |
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| Issued by Corporate and Marketing Communications Department of Pacific Mutual Fund Bhd. For further information, please contact Ms. Cindy Leong at tel. no.: 03-7725 9877. Alternatively, please email cindy@pacificmutual.com.my. |
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| PACIFIC MUTUAL'S FUNDS DECLARE INCOME DISTRIBUTIONS |
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| Petaling Jaya, 1 July – Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has announced income distributions of 4.0 sen and 5.0 sen for Pacific Millennium Fund and Pacific Recovery Fund respectively, for the financial year ended 30 June 2004. This would translate to an income distribution of 7.27% and 8.93% for the unitholders based on the cum-distribution Net Asset Value (NAV) of the respective Funds. |
| Pacific Millennium Fund has achieved a total return of 20.18% for the one-year period from 18 June 2003 to 18 June 2004, based on Lipper Fund Table published in The Edge dated 28 June 2004. At the same time, Pacific Recovery Fund has also reached a total return of 20.12%. |
| Pacific Millennium Fund is an equity fund that only invests in large capitalisation or blue chip stocks. It aims to achieve long-term capital growth with income as its secondary objective. Meanwhile, Pacific Recovery Fund is an aggressive fund that is suitable for investors seeking for growth prospects from companies that benefit most from an economic or industry recovery. Both Funds were launched in April 1999. |
| On the country's economic growth and local market sentiment, CEO of Pacific Mutual, Michael Auyeung said that Malaysia's economic fundamentals remain intact with the first quarter of the year registering growth of +7.6%, this would further strengthen the federal government's GDP growth forecast of 6-6.5% in 2004. Recent trades figures also indicate a favourable trend with April exports up 23.2% year-on-year and imports up 32.4%. |
| He added, “Issues impacting the market may not dissipate anytime soon. The market will be highly susceptible to fluctuating news flow, hence volatility maybe an inherent market characteristic in the near term. However, further out, the conclusions that interest rates hikes will be measured and orderly, oil prices will subside, and China will avoid a hard landing, would lead to a resumption of the stalled market run-up. Vigilance on these developments would be critical to risk mitigation and performance enhancement.” |
| Pacific Mutual now manages a total of 12 Funds. As at 30 June 2004, it has over 66,000 accounts under its management worth RM1.4 billion in its Funds, thus placing the company as the seventh largest private unit trust management company in the industry. |
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| Issued by Corporate and Marketing Communications Department of Pacific Mutual Fund Bhd. For further information, please contact Ms. Cindy Leong at tel. no.: 03-7725 9877. Alternatively, please email cindy@pacificmutual.com.my. |
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| DISTRIBUTIONS FOR PACIFIC MUTUAL'S FUNDS |
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| Petaling Jaya, 1 April — Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has announced income distributions of 7 sen, 5.5 sen and 4 sen for its Pacific Pearl Fund, Pacific Dana Aman and Pacific Dana KLSI respectively, for their financial year ended 31 March 2004. This translates to a distribution of 8.55%, 9.36% and 6.49% for the investors respectively based on the net asset value (NAV) of the respective Funds prior to the distribution. |
| Based on the Lipper Fund Table published in The Edge dated 29 March 2004, the total return for Pacific Pearl Fund was 52.48% for the one-year period from 19 March 2003 to 19 March 2004. During the same period, Pacific Dana Aman has reached a total return of 43.69%. |
| Pacific Pearl Fund is an equity fund that invests mainly in small- and medium-sized companies that have excellent prospects for growth. It focuses on fewer than 50 companies that stand to benefit most from medium- to long-term economic growth. It is ideal for investors who seek for maximal capital prospects. |
| On the other hand, Pacific Dana Aman is Pacific Mutual's first Islamic fund launched in 1998. The Fund has clinched The Edge-Lipper Malaysia Unit Trust Fund Awards 2003 for the Best Islamic/Syariah equity fund for 5-year performance ended 31 December 2003. The Fund is also the winner of the sector - Islamic Syariah (Five Years) category at The Star/Standard & Poor's Investment Funds Award Malaysia 2004. |
| Another Islamic fund of Pacific Mutual, 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 has reached its maximum equity weighting of 95% at this moment. |
| CEO Michael Auyeung said, "We are of the view that the equity market is in for a multi-year recovery, a short term pullback notwithstanding, and thus we are optimistic for the prospects for the Funds. The major economies of the world are recovering with Japan finally awakening after a long slumber due to strong demand for its exports coming from China, while the US is rebounding on the back of strong corporate earnings. These countries are showing strong interest in our electronic manufacturing and commodity-based exports, which should lead to foreign inflows into the domestic market." |
| He added, "The improved trade exports will further strengthen the Malaysian economy, adding strength to the rebound in domestic consumption." |
| Pacific Mutual now manages a total of 12 Funds. As at end-March 2004, it has over 66,000 accounts under its management worth more than RM1.4 billion in its Funds, thus placing the Company as the sixth largest private unit trust management company in the industry. |
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| Issued by Corporate and Marketing Communications Department of Pacific Mutual Fund Bhd. For further information, please contact Ms. Cindy Leong at tel. no.: 03-7725 9877. Alternatively, please email cindy@pacificmutual.com.my. |
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| PACIFIC DIVIDEND FUND NOW AVAILABLE AT ALL RHB BANK BRANCHES |
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| Petaling Jaya, 31 March — Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has widened the distribution network of its latest Fund through its Institutional Unit Trust Agent (IUTA), namely RHB Bank Berhad. |
| From 1 April 2004 onwards, Pacific Dividend Fund will be available in all branches of the RHB Bank. |
| Launched in November last year, Pacific Dividend Fund was created to allow investors to reap the benefits of dividend-style investing. It is especially suited for lower- to moderate-risk appetite investors who are looking for recurring income potentially higher than fixed deposit rates and bond returns. |
| The Fund can invest a maximum of 80% of its assets in high dividend yielding 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 non-equity portion will comprise fixed-income instruments. |
| Up to end-March 2004, more than 431 million units worth RM223 million of this four-and-a-half months old Fund have been sold. The popularity of this Fund has led it to obtain the approval from the Securities Commission to increase its approved maximum fund size from 500 million units to 1 billion units. |
| Pacific Mutual’s CEO, Michael Auyeung, stressed, “There is great potential in Pacific Dividend Fund. As listed companies continue to improve their shareholder value and economic value, share prices and dividend payout will correspondingly be improved. Thus, there will be a large number of high dividend stocks for the Fund to choose from.” |
| Michael added, “It is also a known fact that many who invest directly in the stock market have 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.” |
| Pacific Dividend Fund is said to be a safer equity investment because it will invest in listed companies that pay consistent, attractive, high dividends relative to their share prices, and they tend to be more established companies. Furthermore, the attractive or high dividend yields provide a cushion to the stocks prices in a bearish market. |
| The Fund aims to distribute income of up to two times on a yearly basis to its unitholders. Besides allowing investors to enjoy the potentially higher income relative to fixed deposits, the Fund also aims to achieve potential moderate capital gains in the medium to long term (three to five years). |
| Angela Christine Tan, General Manager, Head of Investment Services of RHB Bank informed that, “Pacific Dividend Fund is well suited to meet the investment needs of our clients. This Fund will help them to be invested in stocks that can provide both, income distribution and capital growth. At the same time risk is at a controlled level as stocks that pay consistent dividends are normally shares of established companies whose prices would probably not experience high volatility.” |
| Since the Bank launched its investment services in August 2002, it has achieved tremendous unit trust sales growth of more than 300%, of which significant contribution has been Pacific Mutual’s Funds. |
| Angela added, “We have selected Pacific Mutual’s Funds as part of our funds offerings because of their commendable track records. Funds sold under our portfolio are assessed and since 2001, Pacific Mutual has won nine fund awards and this speaks volume of their fund management expertise." |
| "Clients of RHB Bank can now gain access to well-researched high dividend-yielding stocks by investing into Pacific Dividend Fund conveniently through the Bank’s nationwide network. Those who invest in the Fund during the promotion period in the second quarter of the year will receive up to 2% bonus units courtesy of RHB Bank." |
| "Besides having a powerful business partnership, our Relationship Managers and Personal Financial Planners are trained professionals specialising in providing financial advisory services. To compliment this, the Bank's Financial Planning tool is developed to prepare a detailed and complete financial plan in making qualitative recommendations to match and enhance an individual's financial requirements." |
| Pacific Dividend Fund is the twelfth Fund launched by Pacific Mutual since the Company’s inception in 1995. Pacific Mutual has over 66,000 accounts under its management worth more than RM1.45 billion in its Funds as at end-March 2004, thus placing the Company as one of the top 10 players in the local private unit trust industry. |
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| Issued by Corporate and Marketing Communications Department of Pacific Mutual Fund Bhd. For further information, please contact Ms. Cindy Leong at tel. no.: 03-7725 9877. Alternatively, please email cindy@pacificmutual.com.my. |
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| PACIFIC DIVIDEND FUND DOUBLED UP FUND SIZE TO 1 BILLION UNITS |
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| Petaling Jaya, 23 March — Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has recently received approval from Securities Commission to increase the maximum approved fund size of its Pacific Dividend Fund. |
| Pacific Dividend Fund, launched four months ago on 18 November 2003, has an initial maximum approved fund size of 500 million units. Effective 17 March 2004, its fund size has increased to 1 billion units. The Fund has sold more than 400 million units or RM200 million since its launch. |
| CEO Michael Auyeung said, "Pacific Dividend Fund really attracts investors especially those who are seeking attractive returns from high dividend-yielding stocks. For many investors, dividend-yielding stocks offer a superb investment alternative. They can rely on the dividend stream as income that typically exceeds those received from fixed deposits, or capital gains potential." |
| Michael, who is also Acting CIO, further stressed, "The encouraging sales of this Fund was also contributed by the positive market outlook, driven by strong exports, increasing domestic demand growth and foreign portfolio inflows." |
| Pacific Dividend Fund was created to allow investors to reap the benefits of dividend style investing. It invests a maximum of 80% of the assets in high dividend-yielding stocks with the aim to provide steady recurring income that is higher than fixed deposit rates. Out of the Fund's equity allocation, 70% is invested in stocks with a track record of having paid dividends three out of the last five years. The non-equity portion comprises fixed-income instruments. |
| Pacific Dividend Fund is currently distributed through Pacific Mutual's unit trust consultants and OCBC Bank (Malaysia) Berhad. In view of the increase in fund size, the Company will further expand the distribution network for the Fund. |
| Pacific Mutual now manages a total of 12 Funds. As at 19 March 2004, it has over 60,000 accounts under its management worth more than RM1.4 billion in its Funds, thus placing the Company as the sixth largest private unit trust management company in the industry. |
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| Issued by Corporate and Marketing Communications Department of Pacific Mutual Fund Bhd. For further information, please contact Ms. Cindy Leong at tel. no.: 03-7725 9877. Alternatively, please email cindy@pacificmutual.com.my. |
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| ON THE MOVE |
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| Petaling Jaya, 9 February — Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, would like to announce that with immediate effect, Michael Auyeung, the Chief Executive Officer of Pacific Mutual will also hold the position of Acting Chief Investment Officer, in view of the departure of Arnold Lim. |
| Michael's experience in investments expands beyond Malaysia. He commenced his career in the investment industry in Asia in 1989. Based out of Hong Kong, Singapore and Malaysia, Michael was an investment analyst and head of research in the securities industry, covering the North Asian as well as ASEAN markets. He has been dealing with regional and global fund managers for more than a decade and is highly in tune with global issues and thought processes affecting investment decisions. |
| Upon Michael joining Pacific Mutual in 2002 as the CEO, the organisation was restructured such that the investment department reported directly to the CEO. This was a reflection of the Board of Director's faith in Michael's investment background, and the belief that he could add value to the investment process. Prior to his appointment as Acting CIO, Michael had already been intimately involved in the investment process albeit at a more macro level. |
| Pacific Mutual now manages a total of 12 Funds. As at early February 2004, it has over 60,000 accounts under its management worth more than RM1.4 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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| Issued by Corporate and Marketing Communications Department of Pacific Mutual Fund Bhd. For further information, please contact Ms. Cindy Leong at tel. no.: 03-7725 9877. Alternatively, please email cindy@pacificmutual.com.my. |
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| PACIFIC DIVIDEND FUND NOW AVAILABLE AT ALL 25 BRANCHES OF OCBC BANK |
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| Petaling Jaya, 8 February — Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has broadened the distribution of its latest Fund through its first Institutional Unit Trust Agent (IUTA), namely OCBC Bank (Malaysia) Berhad. |
| Launched in November last year, Pacific Dividend Fund was created to allow investors to reap the benefits of dividend-style investing. It is especially suited for lower- to moderate-risk appetite investors who are looking for recurring income potentially higher than fixed deposit rates and bond returns. |
| The Fund can invest a maximum of 80% of the assets in high dividend yielding 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 non-equity portion will comprise fixed-income instruments. |
| CEO Michael Auyeung stressed, "There is great potential in Pacific Dividend Fund. As listed companies continue to improve their shareholder value and economic value, share prices and dividend payout will correspondingly be improved. Thus, there will be a large number of high dividend stocks for the Fund to choose from." |
| Michael added, "It is also a known fact that many who invest directly in the stock market have 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." |
| Pacific Dividend Fund is said to be a safer equity investment because it will invest in listed companies that pay consistent, attractive, high dividends relative to their share prices, and they tend to be more established companies. Furthermore, the attractive or high dividend yields provide a cushion to the stocks prices in a bearish market. |
| The Fund aims to distribute income of up to two times on a yearly basis to its unitholders. Besides allowing investors to enjoy the potentially higher income relative to fixed deposits, the Fund also aims to achieve potential moderate capital gains in the medium to long term (three to five years). |
| Dato' Albert Yeoh, CEO of OCBC Bank (Malaysia) Berhad informed that, "Pacific Dividend Fund is well suited to meet the investment needs of our customers. Pacific Mutual Fund Bhd has a proven track record, and has two well-managed exclusive Funds for the Bank, Pacific SELECT Balance and SELECT Income Funds. Sales of these funds, which were launched in August 2003 and available only to the customers of the Bank, had exceeded RM200 million. Pacific Dividend Fund will further enhance our offering, and we believe the Fund will also generate considerable interest. We target sales to exceed RM0 million in the first six weeks of the introduction of the Funds in the Bank." |
| Clients of OCBC Bank can now gain access to well-researched high dividend-yielding stocks by investing into Pacific Dividend Fund conveniently through the Bank's nationwide network. Those who invest in the Fund during the promotion period in the first quarter of the year will receive complimentary tea sets or limited edition gold coins courtesy of OCBC Bank. |
| Pacific Dividend Fund is the twelfth Fund launched by Pacific Mutual since the Company's inception in 1995. Pacific Mutual has over 60,000 accounts under its management worth more than RM1.3 billion in its Funds as at end-December 2003, thus placing the Company as one of the top 10 players in the local unit trust industry. |
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| Issued by Corporate and Marketing Communications Department of Pacific Mutual Fund Bhd. For further information, please contact Ms. Cindy Leong at tel. no.: 03-7725 9877. Alternatively, please email cindy@pacificmutual.com.my. |
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