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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 LAUNCHES PACIFIC ASIAPAC INCOME FUND |
Petaling Jaya, 28 November – Pacific Mutual Fund Bhd (Pacific Mutual), the unit trust arm of PacificMas Berhad, has teamed up with Lion Capital Management Ltd (Lion Capital) – one of the largest asset management companies in South East Asia – to introduce to the Malaysian investing public a new Fund today, namely Pacific AsiaPac Income Fund.
Pacific AsiaPac Income Fund is a balanced income and growth fund that invests in Asia Pacific’s attractive equities including Real Estate Investment Trusts (REITs), dividend stocks and collective investment funds (CIF), as well as quality Malaysian bonds and other fixed income securities. Pacific Mutual and Lion Capital will jointly manage the Fund, where Pacific Mutual will manage the Fund’s local fixed income portion and Lion Capital is the foreign manager for the equities portion of the Fund, focusing on the Asia Pacific region.
CEO & CIO Michael Auyeung said “Pacific AsiaPac Income Fund provides the best-of-both-worlds advantage, namely portfolio stability and returns. The Fund may invest up to 60% of its NAV in quality Malaysian fixed income securities, which provides potentially attractive income and greater capital stability with no currency risk...The Fund may also invest up to 50% of its NAV in foreign equities, equity-related securities, REITs and other CIF, with primary emphasis on the Asia Pacific region, the fastest growing region in the world.
“By investing in this Fund, conservative to moderate investors will still have the opportunity to gain exposure to foreign investment markets but in a safer, more stable investment portfolio. In addition, portfolio volatility is potentially reduced with global, geographical, sector and asset class diversification,” Michael added.
Mr Daniel Chan, CEO and Chief Investment Officer of Lion Capital said “The choice of Asia as the geographical focus for this fund is a wise and timely one. With the notable exception of Japan (down 3.6% YTD Oct 06) Asian markets have done spectacularly well so far this year. India and China are two standout performers rising 29.7% and 34.7% respectively. The ASEAN markets have also racked up significant gains with Indonesia, Singapore up 40.9% and 20.7% respectively.”
He further said that, “it is also true that there has been some re-rating of the markets as the Asia growth story gains a wider following. The astounding growth of the two rising economic giants of China and India in the last few years has no doubt been a major pivotal factor. Ten years on, after the Asian currency crisis triggered by the Thai Baht devaluation in 1997, many Asian economies have undergone restructuring and fundamentals have improved considerably. Fiscal discipline has been restored, inflation under control and corporate governance improved. Intra regional trade and investment have grown considerably and the region is less dependent on the US growth engine than before.
I believe that the Asian growth story has only just begun and it will be a long and sustainable period of growth. This is not to say it will be smooth going all the way as there will inevitably be the occasional setbacks. However, as been shown time and again such setbacks have usually proven to be buying opportunities for the patient long term investors.”
Pacific AsiaPac Income Fund aims to provide steady and attractive income and moderate growth in the medium to long term by investing in a portfolio of Malaysian and foreign securities. The Fund, which has an approved fund size of 700 million units (RM350 million), is suitable for fairly conservative investors who are seeking a steady and attractive income stream and a moderate level of growth in the medium to long term by investing in a globally diversified portfolio from the Asia Pacific region. The initial selling price for the Fund is RM0.5000 during the offer period from 28 November 2006 to 18 December 2006.
Pacific Mutual now manages a total of 15 Funds. As at mid-November 2006, it has over 70,000 accounts under its management worth more than RM1.4 billion.
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| RM21.50 MILLION INCOME DISTRIBUTION FOR PACIFIC MUTUAL'S INVESTORS |
Petaling Jaya, 2 October – 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 September 2006;
Pacific Premier Fund - 2 sen per unit
Pacific Income Fund - 3 sen per unit
Pacific Focus18 Fund - 3.5 sen per unit
Pacific Cash Fund - 1.3 sen per unit
This translates to the following distribution yields for investors respectively based on the net asset value (NAV) of the respective Funds prior to the distribution:
Pacific Premier Fund - 3.26 %
Pacific Income Fund - 5.81 %
Pacific Focus18 Fund - 6.55 %
Pacific Cash Fund - 2.53 % “We are especially pleased to note that our first fund with a global investment mandate, Pacific Focus18 Fund, has achieved a total return of 12.53%, from its launch in June 2005 until now,” said Pacific Mutual’s General Manager, Business Development & Marketing, Gary Gan. (Source: Standard & Poor’s Fund Services) Pacific Focus18 Fund may invest up to 30% of its net asset value in foreign stock markets. The Fund is fully managed in-house by Pacific Mutual’s investment team. Pacific Mutual now manages a total of 14 Funds, of which three are funds with global exposure. As at end-September 2006, it has close to 70,000 accounts under its management worth RM1.5 billion. |
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| LAUNCH OF PACIFIC S&P GLOBAL STARS FUND |
Petaling Jaya, 20 July - Pacific Mutual Fund Bhd (Pacific Mutual), the unit trust arm of PacificMas Berhad, has launched a new Fund today, namely Pacific S&P Global STARS Fund - the first collaboration of its kind in South-East Asia with Standard & Poor's Malaysia Sdn. Bhd., a subsidiary of The McGraw-Hill Companies, Inc. (the parent company of the Standard & Poor's organisation worldwide) - a global financial services company which is the world's largest producer of independent and objective global equity research.
With this collaboration, Pacific Mutual will tap into S&P global equity research, specifically their S&P STock Appreciation Ranking System or "S&P STARS" as it is better known, thus providing a gateway to independent investments research on global securities that have been objectively researched. S&P equity analysts rank stocks according to their individual forecast of a stock's future total return potential versus the expected total return of a relevant benchmark (e.g., a regional index (S&P Asia 50 Index, S&P Europe 350 Index or S&P 500 Index)), based on a 12-month time horizon. The S&P STARS methodology is a combination of fundamental and technical analysis.
CEO & CIO Michael Auyeung said "Pacific S&P Global STARS Fund will be actively managed by Pacific Mutual's investment team to optimise returns and minimise risk to investors. The Fund will focus primarily on STARS-ranked global stocks. At least 75% of the equity portion of the Fund will be invested in stocks with a ranking of 3, 4 or 5-STARS. We believe this will best meet the Fund's investment objective and investment mandates to generate potentially excellent capital growth in the long term".
"By investing in the Fund, investors may benefit from the fund manager's access to well researched global stocks and an actively managed portfolio. In addition, the portfolio volatility is potentially reduced with global, geographical, sector and asset class diversification," he added.
Pacific S&P Global STARS Fund aims to achieve capital growth and some income in the medium to long term by investing in a portfolio of global securities. The Fund, which has an approved fund size of 500 million units (RM250 million), is suitable for fairly aggressive investors who are seeking capital growth and some income over the medium to long term by investing in a globally diversified portfolio. The initial selling price for the Fund is RM0.5000 during the offer period from 20 July 2006 to 9 August 2006.
Pacific Mutual now manages a total of 14 Funds. As at mid-July 2006, it has over 70,000 accounts under its management worth more than RM1.4 billion in its Funds.
STANDARD & POOR'S ("S&P") RESEARCH SERVICES ("SERVICES") REFERENCED IN THIS DOCUMENT ARE OWNED BY STANDARD & POOR'S INVESTMENT ADVISORY SERVICES LLC ("SPIAS") AND/OR OTHER PARTIES AND ARE PROVIDED BY STANDARD & POOR'S MALAYSIA SDN BHD ("SPM") IN MALAYSIA TO PACIFIC MUTUAL FUND BHD ("PACIFIC MUTUAL"). SPM AND SPIAS ARE BOTH WHOLLY OWNED SUBSIDIARIES OF THE MCGRAW-HILL COMPANIES, INC. "STARS", "S&P" AND "STANDARD & POOR'S" ARE TRADEMARKS OF THE MCGRAW-HILL COMPANIES, INC. AND HAVE BEEN LICENSED FOR USE BY PACIFIC MUTUAL. S&P IS NOT AFFILIATED WITH PACIFIC MUTUAL AND ITS AFFILIATES AND DOES NOT ENDORSE, SELL, PROMOTE OR MAKE REPRESENTATIONS REGARDING THE ADVISABILITY OF INVESTING IN THE FUND. S&P DOES NOT MANAGE THE FUND IN ANY MANNER AND DOES NOT TAKE PART IN, AND HAS NO AUTHORITY TO MAKE ANY DECISIONS WHATSOEVER IN RESPECT OF THE FUND OR INVESTORS. S&P IS NOT RESPONSIBLE FOR DETERMINING CLIENT SUITABILITY.
ANALYTIC SERVICES AND PRODUCTS PROVIDED BY S&P ARE THE RESULT OF SEPARATE ACTIVITIES DESIGNED TO PRESERVE THE INDEPENDENCE AND OBJECTIVITY OF EACH ANALYTIC PROCESS. S&P HAS ESTABLISHED POLICIES AND PROCEDURES TO CONTROL THE USE AND DISCLOSURE OF NON-PUBLIC INFORMATION RECEIVED DURING EACH ANALYTIC PROCESS.
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| RM10.2 MILLION INCOME DISTRIBUTION FOR PACIFIC MUTUAL'S INVESTORS |
Petaling Jaya, 3 July - Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has announced the following income distributions for three of its Funds for their financial year ended 30 June 2006;
Pacific Millennium Fund - 4 sen per unit
Pacific Recovery Fund - 3 sen per unit
Pacific SELECT Income Fund - 2 sen per unit This translates to the following distribution yields for 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 - 6.7 %
Pacific SELECT Income Fund - 3.8 %
"We are generally pleased to be able to offer robust payouts to our investors, despite trying market conditions," said Pacific Mutual's CEO/CIO Michael Auyeung. The payouts have been possible due to the respectable returns generated throughout their life and the favourable performance of the above Funds year-to-date. In spite of the recent market correction, Pacific Millennium Fund has returned 5.1% in under six months while Pacific Recovery Fund generated 3.7% returns in the same period, as compared to marginal returns from the KLCI so far. (Source:Standard & Poor's)
Pacific Millennium Fund is an equity fund that invests in large capitalisation and blue chip stocks, while Pacific Recovery Fund is an aggressive fund which obtains growth from companies that benefit most from an economic or industry recovery.
Pacific SELECT Income Fund is exclusively distributed by OCBC Bank (Malaysia) Berhad. The Fund is designed to provide stable and consistent returns potential to investors via a conservative mix of mainly high quality fixed income securities and a smaller proportion in dividend yielding and growth stocks. Total returns for the period from its inception in August 2003 to end of May 2006, is 17.58% (Source: Standard & Poor's) . In the one-year period to mid-June 2006, the Fund has generated a total return of 4.55% compared to returns of 3.3% and 3.7% for other similar funds and one-year retail fixed deposit rates respectively. (Source:Standard & Poor's, BNM)
Pacific Mutual now manages a total of 13 Funds. As at end-June 2006, it has over 70,000 accounts under its management worth more than RM1.4 billion. |
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| INCOME DISTRIBUTIONS FOR PACIFIC MUTUAL'S FUNDS |
Petaling Jaya, 3 April - Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has announced the following income distributions for three of its Funds for their financial year ended 31 March 2006;
Pacific Pearl Fund - 6 sen per unit
Pacific Dana Aman - 4 sen per unit
Pacific Dana Murni - 3 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 Pearl Fund - 9.3 %
Pacific Dana Aman - 9.1%
Pacific Dana Murni - 5.6%
CEO/CIO Michael Auyeung said, "Generally, the equity market for 2005 and the early part of 2006 has been flat. However, with a strategy that seeks absolute returns, our Funds were able to generate distributions ranging from 5% for the bond fund and 9% for equity funds."
As at mid-March 2006, Pacific Pearl Fund generated a total return of 57.48% over a five year period, translating to an annual compounded return of 9.5%. (Source: Standard & Poor's). Pacific Pearl Fund is an equity growth fund that focuses on small to medium-cap stocks.
Pacific Mutual's Syariah-based funds - Pacific Dana Aman and Pacific Dana Murni were launched in April 1998 and March 2003 respectively. Total returns for the period from their inception to mid-March 2006, are 141.21% and 9.45% respectively. (Source: Standard & Poor's). Pacific Dana Aman is a balanced fund with relatively high equity weightings in growth stocks, while Pacific Dana Murni is an Islamic bond fund.
Pacific Mutual now manages a total of 13 Funds. As at end-March 2006, it has over 70,000 accounts under its management worth more than RM1.4 billion. |
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| RM18.4 MILLION PAY-OUT |
Petaling Jaya 3 January - Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad and one of Malaysia's leading private unit trust management companies, has announced an income distribution for its Fund namely, Pacific Dividend Fund, for its financial year ended 31 December 2005. The Fund will pay out close to RM18.4 million or 3.8 sen per unit to investors.
This pay-out pay-out translates to 7.28% returns for Pacific Dividend Fund, based on its net asset value (NAV) per unit prior to the distribution.
Pacific Dividend Fund was launched on 18 November 2003 and aims to provide steady recurring income with returns higher than prevailing fixed deposit rates by investing in a portfolio of stocks that are paying or potentially able to pay attractive dividend yields.
Commenting on the development of the local bourse, Gan Eng Peng, the Assistant General Manager, Investment, of Pacific Mutual said, "Despite a rising interest rate environment, we believe the dividend style of investing will continue to be evergreen in its success. The current quiet market condition has allowed the Fund to pick up some attractively priced and choice dividend stocks . " choice dividend stocks being picked up at attractive pricing levels for the Fund ."
Pacific Mutual now manages a total of 12 Funds. As at 31 December 2005, the company has over 70,000 accounts under its management worth more than RM1.5 billion. |
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