Public Mutual Named “Best Islamic Fund Manager In Asia” for 2nd Consecutive Year

Public Mutual Bhd won the “Best Islamic Fund Manager in Asia” Award by the Failaka Advisors for the 2nd consecutive year. The award was presented by Mr Mark J Smyth, Managing Director of Failaka Advisors to Public Mutual’s Chairman, Y. Bhg. Tan Sri Dato’ Sri Dr. Teh Hong Piow during Public Mutual’s Annual Awards Night held on 15 May 2008 at Putra World Trade Centre, Kuala Lumpur. The Failaka Advisors, with headquarters in Dubai, UAE and offices in Chicago, USA, is a recognised leader in the field of Islamic funds research. The Failaka Islamic Fund Awards stand apart as the benchmark for excellence in the field of Islamic fund management and represents a high-water mark for award winners. In presenting the award to Public Mutual, Mr Mark J Smyth said, for the 2nd year he is happy to present Public Mutual with the award for Best Islamic Fund Manager- Asia. He also said that in terms of Shariah-compliant funds, Public Mutual’s funds have once again outperformed the benchmarks by the highest percentages. In a market where many clients have demonstrated a preference for Islamic funds, Public Mutual is well-placed to take advantage of this demand. The team of Public Mutual have proven remarkably consistent in managing their Shariah funds and the proof is in their performance. No doubt performance has played a role in their tremendous asset growth. In his acknowledgement speech, Tan Sri Teh expressed pride that Public Mutual is once again receiving this international recognition. “The award reflects Public Mutual's commitment to do its utmost to give value to our unitholders,” he said. Tan Sri Teh dedicated the award to Public Mutual’s board of directors, management, staff, agency force and unitholders in appreciation of their passion and zeal in helping put Public Mutual on the map of excellence. Public Mutual is the largest private unit trust company in Malaysia, and it manages 62 funds for more than 1,800,000 accountholders. As at 30 April 2008, the total NAV of the funds managed by the company was RM27.8 billion.