Pacific Mutual Declares Income Distributions For 5 Funds

KUALA LUMPUR, Oct 1 - Pacific Mutual Fund Bhd today announced income distributions totalling RM16.24 million for five of its funds for the financial year ended Sept 30, 2009.

The funds are the Pacific Premier Fund at four sen per unit, Pacific Income Fund at 3.3 sen per unit, Pacific Focus18 Fund at three sen per unit, Pacific Cash Fund at 0.38 sen per unit and Pacific Protected Islamic Cash Fund at 0.10 sen per unit.

The equity funds -- the Pacific Premier Fund and Pacific Focus18 Fund -- achieved a total return of 24.7 percent and 11.91 percent respectively for the one-year period, a decent achievement given the volatile market conditions both locally and abroad, Pacific Mutual Fund said in a statement.

Its maiden fund, the Pacific Premier, which has gone through three major economic downturns, still achieved a total return of 130.74 percent since its inception in 1995, the company said.

Pacific Mutual Fund's general manager, business development and marketing, Gary Gan, said consistent and stable performance over time made the regular income payouts possible, hence benefiting the investors.

The company currently manages 21 funds, totalling RM1.83 billion as at end of September.