Petaling Jaya 24 October - Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has appointed its Director and CEO, Michael Auyeung, as the Company's Chief Investment Officer with immediate effect

Michael joined Pacific Mutual in February 2002 as the CEO. After serving the Company for two-and-a-half years, Michael was appointed onto its Board of Directors.

Michael commenced his investment career in the late 1980's, working out of Hong Kong, Singapore and Malaysia, on sell-side research covering the North Asian as well as ASEAN markets. He subsequently moved on to institutional marketing and management positions, before taking up his current role.

Pacific Mutual now manages a total of 12 Funds. As at October 2005, it has over 70,000 accounts under its management worth more than RM1.5 billion.

Petaling Jaya 7 October - Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has introduced a cash investment option for its investors, known as Pacific Cash Fund.

Known largely for its equity investment expertise, Pacific Mutual manages seven equity funds, three balanced funds, one bond fund, and the latest addition, a money market fund.

According to Director and CEO of Pacific Mutual, Michael Auyeung, "It is necessary to include a cash investment option in our stable of Funds as it would provide our investors, particularly the institutional investors, an avenue to generate a consistent stream of income for their cash holdings while providing high capital safety."

Pacific Cash Fund will be an excellent alternative where investors can temporarily park investment monies while seeking other suitable investments or business opportunities. Investments in Pacific Cash Fund are highly liquid and investors can redeem their investments on any business day. Pacific Cash Fund does not require investors' money to be locked for a fixed time period, and unlike certain bank deposits and short-term money market papers, there is no penalty for "early redemption" from the Fund.

Pacific Cash Fund will comprise a diversified portfolio of deposits with financial institutions, money market instruments and high-grade shorter-term debt securities to generate attractive and consistent stream of income that is higher than prevailing money market and savings rate. The Fund does not impose any service charge on its investors and has low annual management fee and trustee fees, which would help to enhance the Fund's returns.

Commenting on the domestic stock market and 2006 Budget, Michael added, ""A prudently progressive Budget 2006 keeps an improving outlook intact. As a recovery from a slow 2Q05 takes shape, the market may look to play catch up with the rest of the regional markets."

Petaling Jaya 3 October - Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad and one of Malaysia's leading private unit trust management companies, has announced income distributions for its Funds namely, Pacific Premier Fund and Pacific Income Fund, for their financial year ended 30 September 2005. In total both Funds will pay out close to RM27 million to investors.

Pacific Premier Fund will be paying out about RM16 million in total. Investors will be enjoying 6.5 sen per unit.

Pacific Income Fund will be paying investors 3.5 sen per unit. In total, the Fund will be paying out close to RM11 million.

These pay-outs translate to 10.33% and 6.65% returns respectively for investors of Pacific Premier Fund and Pacific Income Fund, based on the net asset value (NAV) per unit prior to the distribution.

This year, up to now, funds with higher fixed income portion has outshone equity funds due to the lackadaisical performance of the local bourse. Therefore a double-digit income distribution for an equity fund, as in the case of Pacific Premier Fund, reflects that the investments of the Fund have been diligently managed to generate such returns.

Commenting on the stock market condition, Director and CEO, Michael Auyeung said, "A prudently progressive Budget 2006 keeps an improving outlook intact. As a recovery from a slow 2Q05 takes shape, the market may look to play catch up with the rest of the regional markets."

Pacific Mutual now manages a total of 12 Funds. As at 30 September 2005, the company has over 70,000 accounts under its management worth close to RM1.5 billion.

Petaling Jaya 1 July - Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has announced the following income distributions for four of its Funds for their financial year ended 30 June 2005;

Pacific Millennium Fund - 4 sen per unit
Pacific Recovery Fund - 5 sen per unit
Pacific SELECT Balance Fund - 2.5 sen per unit
Pacific SELECT Income Fund - 2.5 sen per unit

This translates to the following distribution yield for the investors respectively based on the net asset value (NAV) of the respective Funds prior to the distribution:

Pacific Millennium Fund - 7.7%
Pacific Recovery Fund - 9.8%
Pacific SELECT Balance Fund - 5.0%
Pacific SELECT Income Fund - 4.8%

Pacific Millennium Fund and Pacific Recovery Fund were both launched in April 1999 and have achieved total returns of 54.51% and 64.94% respectively for the period from their inception to end of May 2005. (Source: Standard & Poor's)

Pacific SELECT Balance Fund and Pacific SELECT Income Fund are both distributed exclusively by OCBC Bank (Malaysia) Berhad. Total returns for the period from their inception in August 2003 to end of May 2005, are 9.56% and 12.28% respectively for Pacific SELECT Balance Fund and Pacific SELECT Income Fund. (Source: Standard & Poor's) Pacific Mutual now manages a total of 11 Funds. As at end- June 2005, it has over 70,000 accounts under its management worth close to RM1.5 billion.

Petaling Jaya, 16 June - Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, launched Pacific Focus18 Fund today, the Company's 11 th Fund since incorporation in March 1995. The Fund will focus on a smaller number of investments, targeting 18 of the best Asian stocks to capture the full returns potential of these stocks. The Fund is the first concentrated fund in Malaysia.

Pacific Focus18 Fund is distributed by Pacific Mutual's unit trust consultants and OCBC Bank (Malaysia) Berhad.

According to OCBC Bank's Senior Vice-President and Head of Consumer Financial Services, Mr CK Oon, the Bank is excited about bringing Pacific Mutual's latest offering to its customers.

" Being a significant player in Wealth Management, OCBC Bank is committed to meeting the increasingly diverse and complex needs of investors. Investors in the market today are hungry for new opportunities and hence, the launch of the Pacific Focus18 Fund is timely. As the exclusive institutional distributor, OCBC will be the only bank that is able to offer this fund to the market place " he said.

Pacific Focus18 Fund aims to achieve high capital growth over the long term by investing in a concentrated portfolio of equity and equity-related securities. The Fund's concentrated portfolio will consist of the stocks targeting 18 companies that have high growth prospects and excellent fundamentals, selling at reasonable prices. At least 50% of its equity holdings will be invested in companies with a market capitalisation of at least RM750 million each, at the time of investment. The Fund can also invest up to 30% of its NAV in foreign stocks, thus opening up even greater investment opportunities to enhance its performance.

Director and CEO of Pacific Mutual, Michael Auyeung said, " The concentrated investments of the Fund means each stock in its portfolio will provide a magnified impact on the Fund's performance relative to more diversified funds, leading to potentially superior returns, albeit at a higher risk. Risk and volatility of the Fund will be reduced by investing half of its equity holdings in more stable companies, thus providing safer and better prospects for capital growth. While the Fund will have fewer investments, it will still contain a sufficient number of stocks to maintain the volatility of the Fund at a reasonable level. The benefits of risk diversification is substantially achieved with a portfolio of just 12 to 18 stocks."

He further stressed, "Concentrated portfolios perform better than broadly diversified ones, with superior stock selection. Based on our internal studies over a three-year basis, a portfolio of 18 stocks has outperformed single-stock portfolios and 50-stock portfolios with average returns of 24.8%, 21.2% and 17.7% respectively - this is without any application of stock selection. The returns differential would be further enhanced if the portfolio were subject to a stringent selection process. Evidence of this is seen via external studies, which show that actual concentrated funds outperformed their more diversified peers by a range of 5% to 49% over a 10-year period." (Source: Bloomberg; Standard & Poor's study, April 2003)

"The timing of the Fund is also fortuitous, as the recent price retracements have seen deep value emerging in the market. Many fundamentally sound smaller and medium cap stocks are now trading at price to NTA ratios not seen since the Asian Financial crisis, this against today's sturdy economic backdrop. Clearly it is an opportune time for stock picking - the core approach of this Fund. The potential market recovery from current levels, especially in the broader market (versus the top few KLCI stocks), bodes extremely well for the upside prospects for this Fund."

Pacific Focus18 Fund is an investment alternative for investors seeking medium to longer-term capital growth in a concentrated portfolio of equities. Investors could invest in this Fund to complement their existing more diversified funds, to create an equity portfolio with multiple investment styles to optimise their returns. The Fund is also ideal for aggressive, risk-seeking investors who normally invest directly in the stock market and prefer fewer holdings in their portfolio.

The Fund has a maximum approved fund size of only 300 million units or RM150 million.

Pacific Mutual now manages a total of 11 Funds. As at 14 June 2005, it has over 70,000 accounts under its management worth more than RM1.4 billion in its Funds.

Petaling Jaya 11 April - In conjunction with its 10 th anniversary celebration, Pacific Mutual Fund Bhd has introduced several programmes to express its gratitude to investors, and especially investors who have stayed invested in the company's funds since the beginning.

The 4,800 investors who have been with Pacific Mutual since 1995, were issued a Loyalty Discount Card each, which entitles them to 1% discount when they purchase units from selected funds from Pacific Mutual.

The card also entitles them to automatic eligibility to Pacific Mutual's 10 th Anniversary Creative Signature Contest, which is opened to individuals who invest more than RM1,000 in Pacific Mutual's funds.

The exciting feature of this contest is that there is one handphone or digital camera to be won on every business day during the contest period, which ends on 16 May 2005.

Established in March 1995, Pacific Mutual currently manages RM1.4 billion (as at 8 April 2005) worth of unit trust funds on behalf of more than 66,000 account holders. This has placed Pacific Mutual as one of the top 10 private unit trust management companies in Malaysia.

Petaling Jaya 1 April - Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has announced income distributions of 5 sen and 4.5 sen for its Pacific Pearl Fund and Pacific Dana Aman respectively, for their financial year ended 31 March 2005. This translates to a distribution yield of 7.2% and 9% for the investors respectively based on the net asset value (NAV) of the respective Funds prior to the distribution.

Total return for Pacific Pearl Fund was 29.96% for the three-year period from 18 March 2002 to 18 March 2005, based on the Lipper Fund Table published in The Edge dated 28 March 2005. During the same period, Pacific Dana Aman had achieved a total return of 30.59%.

Pacific Pearl Fund is a small-cap fund that allows investors to gain access to and participate in Malaysian fast-moving emerging companies. The Fund aims to achieve maximum capital growth over a medium to long-term period by investing mainly in small to medium-size companies that have excellent prospects for growth and with paid-up capital of RM300 million and below each at the point of investment.

Pacific Dana Aman, on the other hand, aims to provide unitholders with consistently above average returns in both income and capital growth over a medium to long-term period by investing in a wide portfolio of authorised securities and other investments which comply with Syariah principles. Investing into this Fund will allow investors the opportunity to benefit from returns which are potentially higher than fixed deposit rates over a medium to long-term period.

Commenting on the current stock market conditions, Director and Chief Executive Officer of Pacific Mutual, Michael Auyeung, said, "The pull back in prices across the board is seeing values re-emerge. Fundamentally sound companies with strong prospects can be found at reasonable multiples, leading to solid return prospects when the market regains its footing."

Pacific Mutual now manages a total of 10 Funds. As at end- March 2005, it has over 66,000 accounts under its management worth over RM1.3 billion in its Funds.