OH - MY- GOLD!

Salaam and Good Blessings,
Some of you are already an active investor in AU METAL (i.e. GOLD), CONGRATULATIONS

In recent times, there has been a plethora of reports written by local and foreigns analyst of the prospect of this commodity. This posting is not an attempt to reproduce them but it is just to share (in brief) some recent common outlook.

The rush for GOLD has not eased and it has driven prices to test new levels close to 1980s inflation-adjusted records. This is further fueled by many fund managers taking a "safe-insurance" position with this commodity against the back drop of unstable macro economic challenges of developed countries, including threats of financial systematic risk, including concerns for double dip inflation and low interest rates.

The outlook for GOLD is favorably bullish with targets of US$1819 per ounce by 2012. (1 kg equals 35.274oz). Morgan Stanley even reports that they believe there is an 85% chance that GOLD will trade US$2085 per oz next year.

As mentioned in previous posting, it is recommended that you add GOLD into your basket of investment portfolio. Its capital preservation benefits will be a solid anchor during a period of economic storm and financial system fragility.

PUT YOUR FINGER INTO GOLD!

Eid Mubarak...

have a safe journey if you are traveling and may you feast sensibly...!

STOCKS PLUNGE...GOLD SOARS!

Several postings back, I shared about the prospects of investing in GOLD. I mentioned about it being the best preserver of value, well this call is still strong now especially under the circumstances the global economy is going thru.

At time of writing, the FBMKL is trading at 1460.19, 36.8 points off - which equals 2.45% down. This is a continuation from yesterday's sell down where the index lost 27.44points or equal to 1.8%....this is also over 100 points off from its highest recorded mark of 1594.74.

Other losing market at this time are KOREA, -6.2%, HANG SENG - 5.54%, NIKKIE - 3.73%

Apparently blood is not only flowing in certain cities in UK because of the riots...but in the BURSAs too!

GOLD prices has been CLIMBING over the last 11 years and it looks to continue this trend. It touched USD1700 (RM5134) an ounce yesterday at the back of growing concerns of the global economic meltdown. With the biggest economy in the world (US) looking frail, ill and "on drips" much like a critical patient in ICU...the fear factor that is abound is causing a value wipe out of USD5.4 TRILLION! Europe is also in sick bay with doctors and nurses keeping watch of the pulse. But it has not been good news so far.

But...there is some pleasant news to most domestic equity investors - in that the MALAYSIAN market has seen the least value lost during this challenging period. This is perhaps due to the fact that most of the global funds managers and investors view Malaysia as offering the best of the worst economic environment and they have actually "flown-into" our shores with the substantial increase in FDI over the last 10months.

More and more investors are seeking "safe homes" for their money. There is just too much pessimism or nervousness associated with the economies and currencies of major nations. And they will continue to seek the GOLDen horizon.

Even the CHINESE government have recently called on all major governments to GO BACK TO more stable currency backing reserves...they meant GOLD!

This call was already BLARED loud and hard many years back when TUN M was our PM. Whether this will help the situation or not is debatable but in any case individual investors must take serious consideration to add GOLD in their portfolio if they have yet to.

Public Mutual declares income distributions for 10 funds

Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions
totaling more than RM286 million for ten of its funds. The gross distributions
declared for the respective funds for the financial year ending 31 July 2011 are as
follows:

Fund Gross Distribution (sen per unit)
Public Growth Fund 6.00
Public Australia Equity Fund 2.25
Public Optimal Growth Fund 1.75
Public Far-East Property & Resorts Fund 0.50
Public Islamic Opportunities Fund 3.00
Public Islamic Select Enterprises Fund 2.00
Public Bond Fund 5.25
Public Islamic Select Bond Fund 5.00
Public Islamic Income Fund 3.50
PBB MTN Fund 1 4.00

According to Lipper dated 20 July 2011, Public Growth Fund has generated a one-
year return of 24.64% for the period ended 15 July 2011 which is above its
benchmark return of 18.23%. Public Growth Fund is open for EPF Members
Investment Scheme.

Meanwhile, Public Australia Equity Fund which was launched in September 2009,
gives investors the opportunity to capitalise on the long term growth potential of the
Australian market, given the country’s strong position in natural resources and its
diversified services sector. This fund has generated a one-year return of 18.72% for
the same period which is above its benchmark return of 14.67%.

Public Optimal Growth Fund is an equity fund which generated a one-year return of
17.76% for the period ended 15 July 2011. The fund was launched in June 2010 to
provide income and capital growth by investing in stocks which offer attractive
dividend yields and growth stocks in the domestic market.

Public Far-East Property & Resorts Fund on the other hand, focuses its investments
in property, hotel and resorts stocks, and Real Estate Investment Trusts (REITs).
The fund generated a one-year return of 16.28% over the same period which is
above its benchmark return of 14.81%.

Public Islamic Opportunities Fund and Public Islamic Select Enterprises Fund have
generated one-year returns of 11.30% and 26.88% respectively for the period ended
15 July 2011. Public Islamic Select Enterprises Fund is open for EPF Members
Investment Scheme.

On bond funds, Public Bond Fund, Public Islamic Select Bond Fund and Public
Islamic Income Fund, recorded one-year returns of 9.34%, 4.77% and 5.67%,
respectively for the period ended 15 July 2011. Public Bond Fund is an award-
winning fund, having garnered a total of 25 awards to date, while Public Islamic
Income Fund is open for EPF Members Investment Scheme.

PBB MTN Fund 1, on the other hand, is a close-ended wholesale bond fund which
generated a one-year return of 5.46% for the period ended 15 July 2011. The fund
was launched in November 2009 to provide a steady stream of income returns
through investment in subordinated medium-term notes issued by Public Bank
Berhad.

All of the above funds are distributed by Public Mutual unit trust consultants except
for PBB MTN Fund 1, which is distributed via Public Bank branches nationwide.

Public Mutual is Malaysia’s largest private unit trust company with 87 funds under
management. It has over 2.5 million accountholders and as at 30 June 2011, the
total net asset value of the funds managed by the company was RM44.3 billion.

Public Mutual declares distributions for 13 funds

Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions for 

13 of its funds. The gross distributions declared for the respective funds for the 

financial year ended 30 June 2011 are as follows: 

Fund Gross Distribution / Unit 

Public Far-East Consumer Themes Fund 

4.00 sen per unit 

PB Growth Fund 

8.50 sen per unit 

PB China ASEAN Equity Fund 

6.00 sen per unit 

PB Asia Equity Fund 

3.50 sen per unit 

PB Singapore Advantage-30 Equity Fund 

0.65 sen per unit 

PB Islamic Asia Equity Fund 

0.75 sen per unit 

PB Balanced Fund 

7.50 sen per unit 

PB Islamic Bond Fund 

5.75 sen per unit 

PB Fixed Income Fund 

5.25 sen per unit 

PB Infrastructure Bond Fund  

3.25 sen per unit 

Public Islamic Money Market Fund 

2.50 sen per unit 

PB Cash Management Fund 

2.50 sen per unit 

PB Islamic Cash Management Fund 

2.25 sen per unit 

Public Mutual Chief Executive Officer Ms. Yeoh Kim Hong said the above funds 

have performed well and have delivered respectable returns in its categories for the 

period ended 10 June 2011.  

According to The Edge-Lipper Fund Table dated 20 June 2011, Public Far-East 

Consumer Themes Fund has generated a one-year return of 16.03% for the period 

ended 10 June 2011. 

Meanwhile, PB Growth Fund, PB China ASEAN Equity Fund, PB Asia Equity 

Fund and PB Singapore Advantage-30 Equity Fund have generated one-year returns 

of 23.14%, 12.99%, 12.91% and 10.17% respectively for the period ended 10 June 

2011. PB Growth Fund is an award-winning fund, having received a total of seven 

awards in its category from The Edge-Lipper Malaysia Fund Awards and The 

Star/Standard & Poor’s Investment Fund Awards Malaysia. For the same period, 

PB Islamic Asia Equity Fund generated a one-year return of 12.98%. 

 Meanwhile, PB Balanced Fund has generated a one-year return of 16.76% for the 

same period. PB Balanced Fund is also an award-winning fund, having received a 

total of 17 awards in its category from The Edge-Lipper Malaysia Fund Awards, 

Morningstar Fund Awards (Malaysia) and The Star/Standard & Poor’s Investment 

Fund Awards Malaysia.   

At the same time, PB Islamic Bond Fund, PB Fixed Income Fund and PB Infra- 

structure Bond Fund have generated one-year returns of 11.80%, 6.95% and 5.93% 

respectively for the same period. PB Islamic Bond Fund won awards from the 

Dubai-based, Failaka Islamic Fund Awards 2010 and Morningstar 2010 Fund 

Awards (Malaysia) 

As for our money market funds, Public Islamic Money Market Fund, PB Cash 

Management Fund and PB Islamic Cash Management Fund have generated one- 

year returns of 2.57%, 2.51% and 2.43% respectively for the same period. The 

money market funds provide an option for investors with low tolerance to risk who 

wish to park their money on a short-term basis while waiting for opportune time to 

investing in or switching back to equity, balanced or bond funds.  

PB Growth Fund, PB Balanced Fund, PB Islamic Bond Fund, Public Islamic Mon- 

ey Market Fund and PB Cash Management Fund are open for EPF Members 

Investment Scheme. 

All funds are distributed via Public Bank branches nationwide with the exception of 

Public Far-East Consumer Themes Fund and Public Islamic Money Market Fund, 

which are distributed by Public Mutual unit trust consultants. 

  

Public Mutual is Malaysia’s largest private unit trust company with 86 funds under 

management. It has over 2.4 million accountholders and as at 31 May 2011, the 

total net asset value of the funds managed by the company was RM43.95 billion. 

Feeding Off Buffett’s Formula

This article below was extracted from Calibre, a monthly publication by Public Mutual for its clients. Some of you may have received a copy and read it. It is a great read and I hope you don't mind that I reproduce it here.


"Warren Buffett’s management record is even more successful than his phenomenal investment record. He uses a management strategy that is surprisingly simple yet promises successful outcomes to newcomers and seasoned professionals alike.


Warren Buffett is widely regarded as one of the most successful investors in the world. Often referred to as the "legendary investor," he is ranked the third wealthiest person in the world as of 2011. He is also the primary shareholder, chairman and CEO of Berkshire Hathaway, a conglomerate holding company that oversees and manages a number of subsidiary companies.


Why Emulate Buffett’ Management Style?


Besides being a genius at investing, Buffet is also a genius of a manager. His record speaks for itself. His company, Berkshire Hathaway, employs 233,000 employees around the globe with over eighty-eight CEOs of different companies reporting directly or indirectly to him. The company’s operational annual net income grew from USD18 a share in 1979 to USD4,093 a share in 2007. This equates to a compounding annual growth rate of 21.39 percent - substantially better than Berkshire’s investment portfolio that grew at an annual compounding rate of 19.78 percent in the same period. This record clearly illustrates that Warren and his managers are doing a fantastic job of minding the store.
What management philosophy underscores this success? Mary Buffet and David Clark give us an insider’s view of his managerial style by culling his most important strategies into a book titled ‘Warren Buffett’s Management Secrets: Proven Tools For Personal And Business Success.’ Here his managerial philosophy is distilled into five primary segments that combine to create a winning formula:


1. Pick the Right Business


Buffet is clear on the fact that not all businesses are created equal. The first step to success is to own, manage or work for the right business with the right economics working in your favour. To zero in on the right businesses look for those that tend to burn considerably less capital than they earn. This is usually because they produce a brand-name product that never has to change (e.g. Coca-Cola ) or because they provide a key service which gives them better profit margins that amounts to a durable competitive advantage.


2. Delegate Authority


If there is a single management skill one could pin on Buffett, it would be his willingness to delegate authority way beyond boundaries that most CEOs would be comfortable with. In his words, “We delegate almost to the point of abdication.” The norm of managers is to try and control as many events and people as possible. But micromanaging leads one to juggle too many tasks at once and the end result is neglect or lack of competence in undertaking many of these tasks.


3. Find A Manager With The Right Qualities


When picking managers, he seeks out people with an internal locus of control. These are people who are in control of themselves and their environment, who take responsibility for their failures and in the process learn from their mistakes. He also looks out for people who love what they do as these personalities end up going the extra mile and inspire others to do the same. He places emphasis on honesty too. As he puts it, “You don’t want to be in business with people who need a contract to be motivated to perform.” Another management trait Buffett values is cost consciousness as a way of life and not just when the business is failing. He determines this criteria by seeing how managers handle the seemingly little costs. He explains, “If managers aren’t disciplined on the little things, they will probably be undisciplined on the large things as well.” Lastly he looks for a manager who is a great investor, responsible for investing the firm’s money in people, products and new businesses with a long-term perspective in mind. (Buffett is a firm critic of a short-term focus as he believes it tends to make managers poor allocators of resources.)


4. Motivate Your Workforce


In this respect, Buffett is a student of the Dale Carnegie school that uses praise and criticism in a very specific way. His rule is simple: praise by name but criticise by category. As an example, he is quick to praise an individual banker but if he is unhappy with the banker, he criticizes the banking profession as a whole. And if he has to criticise someone personally, he makes it a point to praise the person first. It creates a sense of trust and the recipient is subsequently more likely to accept and act on constructive criticism as a result. When he wants something done, he frames it in such a manner that he speaks to the other person’s wants and needs and therefore gets rewarded with the appropriate response.


5. Buffett’s Managerial Axioms For Different Problems


“Leverage is very tempting and always leads to trouble.” Buffet is an old - school manager reluctant to use debt to improve earnings.


“Only in fairy tales are emperors told that they are naked.” This one pertains to the danger of managers surrounding themselves with sycophants. Buffet’s solution is to surround himself with as few people as possible and when he does, they are people with a great track record of making good calls when they are called on to do so.


“We rub our noses in mistakes of omission.” This relates to missed opportunities. Even the best managers miss opportunities, but they ask the hard questions as to why they missed them. This primes them to spot and seize a good opportunity the next time it turns up.

Source: Calibre, May 2011

Japan Tsunami and Malaysian markets

It was the worst earthquake in over 100 years that hit JAPAN recently. Loss of precious and priceless lives, gone in a swoop of a wave the size of which one would never have imagined. 


Our prayers for those who survived and are still trying to deal with the calamity. 

Reconstruction cost is estimated to be in USD161billion! 

How does it impact us in MALAYSIA you may ask. Some analysis reports are saying the impact is generally limited given that major ports in JAPAN and it industrial areas have been spared by the calamity. 

However, some sectors will see benefits and some will need tremendous adjustments in corporate directives and policies.

The are some Winners and they include the Timber sector and to a lesser extent, Steel, as 

these are raw materials used in reconstruction efforts. 

The Losers will be sectors with products consumed by Japan such as O&G and Tourism/Aviation. Auto companies too could be impacted as many parts are still sourced from Japan. 

Several stock broking houses are not so pessimistic on MALAYSIA - post JAPAN tsunami - and are maintaining a "Buy into Weakness" call on the Malaysian market. 

  

Impact on Malaysia limited. 

While the devastation in Japan appears very significant, with most of its ports and industries still intact, the impact on Malaysia and Malaysian corporates seems limited for now. A point to note - Japan is Malaysia’s 3rd largest export market and 2nd largest source of foreign investment. 

Timber and steel could be winners. 

With reconstruction efforts required, the timber and steel sectors could benefit from the Sendai earthquake. Timber in particular could see heightened demand given that many Japanese houses are constructed with the use of significant hardwood timber and Malaysia is still the world’s largest exporter of hardwood timber. Sarawakian timber boys such as WTK (Not Rated) and Ta Ann (Not Rated) have significant exposure to the Japanese housing market. 

Autos, Aviation, O&G and Utilities among the Losers. 

On the flip side, the devastation will likely put a dent in the tourism and travel industry for some time and therefore impact airlines flying to Japan. 

Elsewhere, our Malaysian auto companies still import CBU kits as well as some CKD parts from Japan, and this could potentially lead to some delays for the auto companies. In O&G, we note that the price of oil dropped Friday as investors were worried that the slowdown in the Japanese economy would crimp demand for oil. 

This in turn could hit sentiment in the short term. Finally, the closure of the nuclear plants could see greater demand for fossil fuel power generation such as from coal, which could then lead to prices escalating further.  

Still advising a Buy into Weakness. 

With greater clarity on the scope of devastation, perhaps there is still some short term weakness in the market and this could continue as an opportunity to Buy into Weakness, with year-end 1680 pts KLCI target intact.   

So hang on to your investments and no need to panic yet.

BEST PRESERVER OF VALUE...GOLD!

Salaam and God Blessing,

If you have been following the developments of Middle East crisis where a new rage for CHANGE in leadership has been growing more and more violent, then you should feel the concern of many other economist around the world.

Political turmoil often affects economic agendas and this will definitely translate to adverse affects to fiscal policies of many governments. Political turmoil in a region where most of the world's OIL and GAS is being produced has already seen its affects --- OIL prices has escalated again and has crossed the US$100 per barrel for the first time since JUNE 2008. Every time this happens, the "i" word gets much airtime as it becomes a topic of conversation and a great concern of many investors and government officials.

What is this "i" word?....Yup!....Inflation!
I covered this topic several week back in my posting. 

We all know that inflation eats up on your savings and reduces the value of your money over time and therefore you'd be smart to try to find an investment instrument that best preserves its value and protects your money from its erosive effect.

GOLD....a four letter word in investing, has long been a favorite and the recent M-East turmoil and the unstable economic developments regionally has given rise to many investor rushing to BUY GOLD!

Read this article extracted from the dailies.
http://www.thestar.com.my/news/story.asp?file=/2011/2/27/nation/8150268&sec=nation 

here are more of what FUND MANAGERS are saying about GOLD...

JIM ROGERS says..."75% of High-end Money Managers have never owned Gold.

Seventy-five per cent of the people had never owned gold, or silver. So you can see most people still do not own gold. For most people in the world gold is still an unknown entity.

During gold's hysterical phase, in 5 to 7 years, everyone will be buying the yellow metal"

 

 






I have just the right program for those interested to invest in GOLD.

This one has great elements:

• PRINCIPLE GUARANTY
• SYARIAH COMPLIANT
• up to 24% per YEAR HIBAH return 

Call me at 012 211 0000.

Not feeling the Inflation...? Wrongggg!!!!

It is the dreaded word in financial planning..inflation!
A dirty, filthy word for those of us who are trying to protect our wealth.

You don't think much about it now if you look around the city with the sales every where and shopping galore that is distracting us...but the reality is.....INFLATION is creeping up!

The numbers in the US economy shows that food prices hit a record level last month and in fact it is the highest it has ever been since 1990. On the local front, CPI for December 2010 is 2.2%, up from 2.0% in November and just 0.6% in all of 2009. Please don't expect a reverse in these numbers for the January 2011 either because indications are strong that the upward trend will continue.

This is an important barometer for all of us to monitor because, 40% of household income goes to FOOD!...Yup! Makanan!

When you have pressure from increased cost of living, it takes a toll on your savings plans.

We will further be pressured by INFLATION as further reduction on fuel and food subsidies is expected to continue under the government rationalization plan. The price of petrol is expected to increase 10sen every six month...Scary, is it!?

What do we do!?!....Its time to review that spending and expenses list and perhaps a resetting of priorities to protect your BIG financial goals and objectives.

Ignoring this element will cost you dearly. At the same time, do not be too overly frighten by the dim prospects this blog carries as there are many alternatives and choices still available to protect your money.

You might want to consider GOLD!...

will share more in the next blog)...stay tune!

The concept of MSI...

MULTIPLE SOURCE OF INCOME....that is what M.S.I. means. Some would call it multiple streams of income, either way it carries the same meaning.

It simply means having several sources of income from several different means, so that you never have to rely on ONE source (usually monthly salary) to supply you with all of your funding needs.

Should the unexpected happen. i.e. you lose your job or the company you work for closes down, that monthly income is NO longer available to pay off your monthly commitments. Tragedy!!! ...

How is it that we allow our self to be highly dependent one source of income whilst we are not in control of the fate of that company. The MSI behaves like a safety net against such events.But do not think of it as a safety net alone because most wealthy people DO NOT have monthly salaries as their main source of income, instead they have multiple, multiple and multiples MSIs...and this itself is their MAIN income.

 If one source dries up, you’ll have others in place to ensure you are never completely without revenue or income coming in. It is a fabulous way of building and creating wealth.

There is NO limit as to how many one is recommended to have.






Picture this, when you have multiple streams of income that is steady and fluid, it will provide for a better lifestyle. That extra cashflow it generates will permit for better savings program therefore securing your financial future, either it be for retirement or your children education or that dream holiday!


Sounds fantastic does it...well it is and it works for some of the current riches people in the world. It is a secret so simple to comprehend but yet many struggle to adopt. The trick is to find the right "source" or "stream"




Read on further...

The internet has made it possible even for ordinary people to acquire wealth. They say, "Never put your eggs in one basket." This is true when considering the current economic conditions.

"money coming our from your finger tips"

There are many available opportunities online to help you make money and get you closer to your dream goals. It has become easier for anyone today as compared to the past. As an internet marketer, it would be wise to grab opportunities that will bring you multiple streams of income.

One of the ways to create multiple streams of income is joining different affiliate marketing programs either in the same or different niches. What is important is to make money selling products from different companies.

Do bear in mind that a product you promote may be good today, but only to find that tomorrow it is no more successful in the market. It is possible that a company that pays you huge commissions today, but runs out of business tomorrow. It would really be a sorry situation for thousands of some online marketers. That is where having multiple streams of income come in.Use different sources to make money. By so doing, you will be safe from unknown future adverse circumstances.

In order to make this easy, just set up your own website or blog  to which you will send traffic that will end up converting to customers. This is not a hard thing to do as there are an ocean of ways and sites you can learn the skills of doing it. Once you have mastered the skills, you will begin to enjoy your "multiple streams of income". 

Spend time to search the net for the best business model for your MSI ..
(Psst: I have my own favorite!...wanna know how to make USD3000 a week? from just clicking the net and not selling anything?....call me!)


You can also be part of a joint venture to create multiple streams of income. What happens in this case is that different internet marketers put their talents and skills to make money. The advantage of such a venture is that you continue doing what you enjoy and where you are not strong, other marketers come in. As a result you earn multiple streams of income.

I hope this article will start you to consider the concept of multiple streams of income.

This is important for the future of your life and business...

T.I.P.S - Take Interest in your Personal Success!

Salaam and Good Blessings,

We habitually take things for granted, sometimes just too much more than necessary, and often pay the price for this delayed attention.

It often takes a painful and at times shocking event to occur to make us realize that we have not done enough to protect our goals. We would be lucky if such painful event don't befall upon us but instead, it is the misfortunes of others that we draw our life lessons from. We blow a sigh of relief and hope again that we will be equally lucky to just be an observer and not the main character of the next painful event.

The first instance of taking things for granted is already a grave mistake, but the next (bigger) mistake is - (after having known a particular fact)...we DONT respond to it completely!...let alone immediately!

Here is the cycle...you take something (or some issue) for granted, then something happens, (either by way of your own misfortune or that of others) and as a result, you get reminded. Then you begin your emotional cycle of fear, anger and pain...and then there is a sense of confusion and indecision. This drags you further, spinning and spinning as you try to grasp for "air" to retain normality.

Just as soon as that emotional cycle subside, you are back to point zero again - you K.I.V the issue and take it for granted and HOPE you don't have to be reminded again!...FAMILIAR?!! Yes, pretty much huh?

Right about the time when the emotional cycle begins is actually the best time to react and make a responsive decision to change!  This is not professing to react under duress or stress, which is bad, but it is really during this time that your " REAL" passion and interest about your own personal success comes into play.

The REAL emotions involved when you are Taking Interest in your Personal Success (TIPS) is at its purest and you will be completely guided by it. It is during this time you make your genuine decision about your NEED to secure your future and having decided upon it, you will have a feel good factor last a long time.

Frankly speaking, this is not far off from a scenario when you are "invited" to purchase that 70% OFF item at your favorite shopping mall - it draws upon your emotion too. Except the difference is...it was not drawn by your REAL emotion for T.I.P.S. It was playing on your sense of "WANT"....an illusion create for you, and it often does NOT carry a long period of "FEEL GOOD" after the purchase. (I know some of you will debate about this one...ya! ya!...a pack of cigarettes has a looooong feel good factor! I'll take that up in another posting)

We all should learn from our past mistakes, (and also from other peoples too) and should continue with the LEARNING process. Events happen to jolt us off our seats and remind us that we need to do this or that! Information that come our way is for us to digest it, to improve our knowledge and our own personal standing.

In one of his book called GOLDEN NUGGETS, Dwight Anthony, (a renown financial advisor based in the US) shared one of his many Financial Planning tips - "On Going Learning."

He explains that we often look at learning in a frozen image of classrooms, schools, colleges, universities and the academic institutions. As a Financial Freedom Chaser, we must commit ourselves to lifetime learning. but an elevated form of "learning". LEARN from ourselves and LEARN from others...the mistake makers and the success rollers alike have plenty to share!

Pick up concepts of LAWS of ATTRACTIONS, The FINANCIAL PHILOSOPHY, VISUALIZATON and the ART OF GOAL SETTING and HITTING THE TARGET! These things they don't teach you in Universities.

REMEMBER....KNOWLEDGE is power...but APPLIED KNOWLEDGE is empowering!

Till next time....Salaam

PRESS RELEASE - Public Mutual declares distributions for 3 funds

Public Bank’s wholly-owned subsidiary, Public Mutual, declares distributions for
three of its funds. The total gross distributions declared for the financial year ending
31 December 2010 are as follows:

Funds Gross Distribution / Unit
Public Savings Fund   -   9.00 sen per unit

Public Focus Select Fund   -   2.00 sen per unit

Public Islamic Enhanced Bond Fund   -   3.00 sen per unit

Public Mutual’s Chief Executive Officer Ms. Yeoh Kim Hong is pleased that all the
above funds have delivered respectable returns to its investors. She said, “Public
Savings Fund and Public Focus Select Fund have recorded one-year double-digit
returns of 17.94% and 25.77% respectively for the period ended 3 December 2010
(Source: Lipper, 13 December 2010).

Both funds are open for EPF Members Investment Scheme.”  

Launched in 1981, Public Savings Fund is the company’s maiden fund. The fund aims
to achieve long-term capital appreciation and at the same time produce a reasonable
level of income. Public Focus Select Fund, which was launched in 2004, aims to
achieve capital growth through investments in medium-sized companies in terms of
market capitalisation from diversified economic sectors.

Meanwhile, Public Islamic Enhanced Bond Fund which was launched in 2006,
recorded a one-year return of 4.88% for the same period. As a Shariah-compliant
bond fund, it seeks to provide a combination of annual income and modest capital
growth primarily through a portfolio allocation across Islamic debt securities and
equities that comply with Shariah requirements.

All the above funds are distributed by Public Mutual unit trust consultants.

Public Mutual is Malaysia’s largest private unit trust company with 84 funds under
management. It has over 2,380,000 account holders and as at 30 November 2010, the
total net asset value of the funds managed by the company was RM40.2 billion.