Public Bank’s wholly-owned subsidiary, Public Mutual won the Most Outstanding Islamic Fund Manager award for the third consecutive year at the 6th KLIFF (Kuala Lumpur Islamic Finance Forum) Islamic Finance Awards 2009 ceremony. The award was presented by Minister in the Prime Minister’s Department Y.B Tan Sri Nor Mohamed Yakcop to Public Mutual Chief Executive Officer Ms. Yeoh Kim Hong during the award presentation ceremony which was held on 3 November 2009 at the Nikko Hotel Kuala Lumpur.
Yeoh expressed pride that Public Mutual is once again receiving this prestigious recognition, which also marks the company’s 138th industry award since 1999. “This esteemed award demonstrates Public Mutual's commitment in continuously delivering top value as well as meeting the diverse needs of our unitholders,” she said. She also thanked unitholders for their continued support and confidence in Public Mutual.
Public Mutual is a leading player in the private Islamic unit trust fund sector in Malaysia. As at 30 September 2009, it manages 24 Islamic funds with total Islamic assets under management of RM13.2 billion. This represents a 58.3% market share of the private Islamic unit trust industry.
Public Mutual is also Malaysia’s largest private unit trust company with 71 funds under management. It has over 2,000,000 accountholders serviced by 40,000 unit trust consultants. As at 30 September 2009, the total net asset value of the funds managed by the company was RM33.8 billion.