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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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| RM25.91 MILLION INCOME DISTRIBUTION FOR PACIFIC MUTUAL'S INVESTORS |
Petaling Jaya, 3 October – Pacific Mutual Fund Bhd, one of the leading private unit trust management companies in Malaysia, has announced the following income distributions for five of its Funds for their financial year ended 30 September 2008 respectively:
Pacific Premier Fund
- 6.0 sen per unit
Pacific Income Fund
- 4.0 sen per unit
Pacific Focus18 Fund
- 5.0 sen per unit
Pacific Cash Fund
- 0.4 sen per unit
Pacific S&P Global STARS Fund - 2.5 sen per unit
This translates to the following distribution yields for investors based on the net asset value (NAV) per unit of the respective Funds prior to the distribution:
Pacific Premier Fund
- 9.42%
Pacific Income Fund -
7.39%
Pacific Focus18 Fund -
9.29%
Pacific Cash Fund -
0.79%
Pacific S&P Global STARS Fund -
5.60%
“Despite the slowing global economic growth and obvious heightened volatility of equity markets over the past year fuelled primarily by the ongoing U.S. financial crisis, consistent and stable performance over time has always been the hallmark of Pacific Mutual’s investment style. We are again pleased to be able to offer consistent payouts to our valued investors who continue to stay with us in these trying times,” said Gary Gan, General Manager, Business Development & Marketing of Pacific Mutual, adding that the payout was possible due to the respectable returns realised through time and prudent downside risk management achieved by these Funds.
Gan further expressed, “These latest fund distribution payouts would reach over 16,000 account holders who currently hold a combined 1.23 billion units in all these Funds. We are also confident that these Funds will continue to perform well in their respective categories.”
With the declaration of a final income distribution of 0.4 sen per unit for investors of Pacific Cash Fund, the Fund has successfully declared a total of 1.6 sen per unit for its financial year ended 30 September 2008, thus achieving its objective of providing regular income and capital stability.
Pacific Mutual now manages a total of 18 Funds, of which six are Funds with global exposure. As at mid September 2008, it has over 55,000 accounts under its unit trust fund management worth RM1.7 billion. |
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| RM15.39 MILLION INCOME DISTRIBUTION FOR PACIFIC MUTUAL'S INVESTORS |
Petaling Jaya, 1 July – Pacific Mutual Fund Bhd, one of the leading private unit trust management companies in Malaysia, has announced the following income distributions for five of its Funds for their financial year/interim period ended 30 June 2008 respectively:
Financial Year Ended 30 June 2008
Pacific Millennium Fund - 6.0 sen per unit
Pacific Recovery Fund - 6.0 sen per unit
Pacific SELECT Balance Fund - 3.5 sen per unit
Pacific SELECT Income Fund - 2.5 sen per unit
Interim Period Ended 30 June 2008
Pacific Cash Fund - 0.4 sen per unit
This translates to the following distribution yields for investors based on the net asset value (NAV) per unit of the respective Funds prior to the distribution:
Pacific Millennium Fund - 9.8%
Pacific Recovery Fund - 10.7%
Pacific SELECT Balance Fund - 6.4%
Pacific SELECT Income Fund - 4.8%
Pacific Cash Fund - 0.8%
“We are generally pleased to be able to offer consistent payouts to our investors, despite trying market conditions,” said Gary Gan, General Manager, Business Development & Marketing of Pacific Mutual, adding that the payouts were possible due to the respectable returns generated and prudent downside risk management achieved by the said Funds.
Gan further expressed, “The Company continues to maintain its fund distribution consistency over the years irrespective of market conditions, which affirms our ongoing commitment to provide value to our existing investors, especially those who have stayed with us for the long term. We also thank our investors for their ongoing support and confidence in us.”
The declaration of 0.4 sen per unit for investors of Pacific Cash Fund was the Fund’s third interim income distribution since December 2007, thus achieving its objective of providing regular income and capital stability.
Pacific Mutual now manages a total of 18 Funds, of which six are Funds with global exposure. The
Company also manages private funds under its asset management business.
As at end June 2008, it has over 55,000 accounts under its unit trust fund management worth RM1.8 billion.
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| RM26.09 MILLION INCOME DISTRIBUTION FOR PACIFIC MUTUAL'S INVESTORS |
Petaling Jaya, 1 April – Pacific Mutual Fund Bhd, one of the leading private unit trust management companies in Malaysia, has announced the following income distributions for five of its Funds for their financial year/interim period ended 31 March 2008 respectively:
Financial Year Ended 31 March 2008
Pacific Pearl Fund - 6.0 sen per unit
Pacific Dana Aman - 4.0 sen per unit
Pacific Dana Murni - 1.5 sen per unit
Pacifc Asia Brands Fund - 2.8 sen per unit
Interim Period Ended 31 March 2008
Pacific Cash Fund - 0.4 sen per unit
This translates to the following distribution yields for investors respectively based on the net asset value (NAV) per unit of the respective Funds prior to the distribution:
Pacific Pearl Fund - 7.5%
Pacific Dana Aman - 7.9%
Pacific Dana Murni - 2.8%
Pacifc Asia Brands Fund - 5.9%
Pacific Cash Fund - 0.8%
“In a year where global equity markets remained volatile and uncertain, with Malaysia being no exception, all of our equity funds managed to outperform their respective benchmarks and more importantly, the company continues to maintain its fund distribution consistency over the years irrespective of market conditions, which affirms our ongoing commitment to provide value to existing investors, especially those who continue to be with us for the long term.” said Gary Gan, General Manager, Business Development & Marketing of Pacific Mutual. (Source: Lipper)
Gan further expressed that the declaration of 0.4 sen per unit for Pacific Cash Fund's investors was the Fund's second interim income distribution since December 2007. Pacific Cash Fund aims to provide income distribution in every financial quarter i.e. in March, June, September and December.
Pacific Mutual now manages a total of 18 Funds, of which six are Funds with global exposure. As at end March 2008, it has over 54,000 accounts under its management worth RM1.8 billion.
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PACIFIC MUTUAL EARNS ONLY AFTER NEW FUND'S INVESTORS MAKE A PROFIT |
| Petaling Jaya, 12 March 2008 – Pacific Mutual Fund Bhd, the unit trust arm of PacificMas Berhad, has introduced to the Malaysian investing public a new innovative purely performance-fee based wholesale fund, namely Pacific Dynamic Trader Fund.
Pacific Dynamic Trader Fund, a first-of-its-kind in Malaysia, is a dynamic fund ideal for volatile markets and only charges an annual management fee on its investors when its returns beat the stipulated annual hurdle rate of 5%, which is significantly higher than prevailing 12-month fixed deposit rates. In addition, there are no upfront fees of any sort, which means the investor enters the fund for free and all the capital is put towards investing.
CEO/CIO of Pacific Mutual, Michael Auyeung, said, “Volatile conditions are becoming a permanent feature of today's stock markets, and this volatility is magnified as we move through significant turning points in the global economic cycle and try to sort out the structural damage to the world's financial system. Newsflow is ever unpredictable as is market behaviour, while liquidity remains high and very fluid, moving in and out of markets in ever shorter durations, thus driving quick and violent market swings.”
Auyeung added, “While gains can disappear quickly, losses can add up in a blink of an eye. Under such conditions, individual investors will generally find it difficult to make profits. In order to invest and make money under these conditions, it is critical that a fund manager be extremely adept, active and vigilant, and at the same time understands the global and local conditions implicitly.”
Auyeung commented that Pacific Mutual's new Pacific Dynamic Trader Fund, a very actively managed fund, is designed to capitalise on market volatility as the Fund makes money from moving in and out of the Malaysian stock market. “This highly aggressive tactical asset allocation strategy, without forsaking a prudent risk management overlay, has been a strength at Pacific Mutual and a proven driver of consistent fund outperformance over time, in both our local and global funds. To demonstrate our confidence, we will not charge investors any fees until they have achieved a higher return on their investment as compared to fixed deposits. We are positive that we will seek to maximise our investors' returns, and we are backing that up with our unique fee structure,” said Auyeung.
In addition, with Pacific Dynamic Trader Fund, investors can now look forward to investing the full amount of their hard-earned money in the Fund as there will be no upfront sales charge, a common cost borne by investors in most investment products today, irrespective of performance. When the Fund exceeds the annual hurdle rate of 5%, only then will investors be charged an annual management fee of 20% on the return of the Fund in excess of the 5% p.a. hurdle rate . In other words, the Manager gets remunerated only when the investors receive a more than respectable return, every year. The performance-based annual management fee ensures that the Manager's interests are fully aligned with those of the Investor.
Due to its unique aggressive trading strategy, Pacific Dynamic Trader Fund is open only to Qualified Investors, i.e.:
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individuals whose total net personal assets exceed RM3 million or its equivalent in foreign currencies; |
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corporations with total net assets exceeding RM10 million or its equivalent in foreign currencies based on last audited accounts; |
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unit trust schemes or prescribed investment schemes; |
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companies registered as trust companies under the Trust Companies Act 1949 or corporations that are public companies under the Companies Act 1965 or under the laws of any other country which have been allowed by the Securities Commission to be trustees and have absolute discretion in the investment of the trust assets of a trust with total net assets exceeding RM10 million or its equivalent in foreign currencies; or |
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pension funds approved by the Director General of Inland Revenue under Section 150 of the Income Tax Act 1967. |
Pacific Dynamic Trader Fund, via its aggressive tactical asset allocation and trading oriented strategy, has a dynamic investment mandate with the full flexibility in its portfolio to move from 0% to 100% in any investible asset category in Malaysia namely, equities and equity related securities listed on Bursa Malaysia, collective investment funds offered in Malaysia and Malaysian fixed income and money market instruments and other investments offered in Malaysia approved by the relevant authorities.
Another unique feature is that the Fund is open to investment only once a year, i.e. during its Entry-Exit Window Period. For the first financial year, the Entry-Exit Window Period shall be the 21-day initial offer period and, this period will be the first 10 calendar days for each subsequent financial year. Investors will also be interested to note that during this Entry-Exit Window Period, there will be no price fluctuation of the Fund's units and absolutely no expenses incurred or accrued for the Fund during this period.
Pacific Dynamic Trader Fund is currently available at all Pacific Mutual's offices. The Fund has an approved fund size of only 50 million units and is being offered to qualified investors at the net asset value (NAV) per unit of RM1.0000 during the offer period, which will end on 1 April 2008.
Pacific Mutual is currently managing a total of 18 Funds inclusive of Pacific Dynamic Trader Fund. As at end-February 2008, the Company has over 54,000 accounts under its management worth more than RM1.9 billion. |
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RM28.81 MILLION INCOME DISTRIBUTION FOR PACIFIC MUTUAL'S INVESTORS |
| Petaling Jaya, 3 January – 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/interim period ended 31 December 2007 respectively:
Financial Year Ended 31 December 2007
Pacific Dividend Fund - 7.0 sen per unit
Pacific AsiaPac Income Fund - 2.5 sen per unit
Interim Period Ended 31 December 2007
Pacific Cash Fund - 0.4 sen per unit
This translates to the following distribution yields for investors respectively based on the net asset value (NAV) per unit of the respective Funds prior to the distribution:
Pacific Dividend Fund - 9.06%
Pacific Cash Fund - 0.79%
Pacific AsiaPac Income Fund - 4.76%
“We are extremely proud that, for the fourth consecutive year, Pacific Dividend Fund is giving out an attractive income distribution to its investors, reflecting its strong performance exceeding its benchmark over the year in review and its consistency in achieving its investment objective since its launch in 2003,” said Gary Gan, General Manager, Business Development & Marketing of Pacific Mutual.
Gary added that with the income distribution, the Fund's total accumulated gross distribution has increased to RM0.189 since inception four years ago. This translates to 37.80% of distribution over its launch price of RM0.5000 per unit.
“As for Pacific Cash Fund, the declaration of 0.4 sen per unit for its investors is the Fund's first interim income distribution since its final income distribution in September 2007. The Fund aims to provide its investors up to four times income distribution in a financial year,” Gary further expressed.
“It is also encouraging to note that Pacific AsiaPac Income Fund is giving its first annual distribution since its launch in November 2006. This income and growth fund has generated a total return of 10.29% since its inception to 27 December 2007,” said Gary, adding that the Fund is jointly managed by Pacific Mutual's in-house investment team for the local fixed income portion and Lion Capital Management Ltd, the foreign manager for the equities portion of the Fund, focusing on the Asia Pacific region. (Source: Lipper)
Pacific Mutual now manages a total of 17 Funds, of which six are Funds with global exposure. As at end-December 2007, it has over 54,000 accounts under its management worth RM1.85 billion. |
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