Public Bank’s wholly-owned subsidiary, Public Mutual has won AsianInvestor’s “Best Malaysia Onshore Fund House” award for the second consecutive year. Public Mutual’s Chairman, Y. Bhg. Tan Sri Dato’ Sri Dr. Teh Hong Piow received the award from Ms Rebekka Kristin, Associate Publisher of AsianInvestor, during Public Mutual’s Annual Awards Night on 17 May 2009 at the Sunway Pyramid Convention Centre, Kuala Lumpur.
AsianInvestor is a Hong Kong-based leading publication dedicated to the region’s asset management industry. It introduced the AsianInvestor – Investment Performance Awards in 2001 to celebrate the excellence in investment performance by the fund managers in Asia Pacific.
According to Ms Kristin, Public Mutual was named “Best Malaysia Onshore Fund House” due to its resilient performance in a year of financial uncertainty. “This award acknowledges the outstanding achievements of everyone at Public Mutual who has worked so hard for, in what is truly a challenging industry at the moment,” she said.
Meanwhile, Tan Sri Teh expressed pride that Public Mutual is once again receiving this international recognition, which also marks the company’s 135th 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,” he said. He dedicates the award to the Board of Directors, Management, Staff and Unit Trust Consultants of Public Mutual for their dedication and hard work in making the company an industry leader. He also thanks the unitholders for their continued support and confidence in Public Mutual.
Public Mutual is Malaysia’s largest private unit trust company with 69 funds under management. It has over 2,000,000 accountholders serviced by over 42,500 unit trust consultants. As at 8 May 2009, the total net asset value of the funds managed by the company was RM27.4 billion.