KUALA LUMPUR: Prudential Fund Management Bhd has declared an income distribution of 2.83 sen per unit for its Prudential Equity Income, 2.09 sen per unit for Prudential Asia Select Income and 1.93 sen per sen for its Prudential Balanced Fund.
The income distribution for the three funds was for its financial year ended June 30. The company said in a statement yesterday that all investors who had maintained their unit holdings with the three funds as at Aug 20 will be entitled to the income distribution.
Prudential Equity Income, Prudential Asia Select Income and Prudential Balanced Fund generated income of 16.2%, 5.21% and 11.86% respectively for the one year period ended June 30.
“While the funds have performed well, we are cautiously positive for the remainder of the year and expect global markets to continue to be volatile,” said Chris Chan, chief officer, Institutional Asset Management of Prudential Fund Management. — Bernama
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