Pacific Mutual to distribute Rm19.68 M income for 3 funds

Pacific Mutual Fund will distribute ioncome worth RM19.68 million for the three of its funds with financial years ending on Dec 31, 2011.

The group declared five sen per unit for Pacific Dividend Fund, 0.40 sen sen per unit for Pacific Cash Fund on quarterly distribution, and 1.30 sen per unit for Pacific SELECT Bond Fund also on quarterly distribution, reports Bernama.

Meanwhile, Pacific Mutual said it would be wise for investors to reassess their investments and rebalance their portfolios to ensure portfolio risk level were in line with financial goals and which factored in market conditions.

Its executive director/chief executive officer, Gary Gan, said market behaviour these days was highly irregular and there could be an abrupt signficant increase or decrease in the value of any asset class even on a month basis.

"It is essential that investors continue to practise portfolio rebalancing or revise their investment style so that their investments are both in a proper mix of asset classes, be it in equities, money markets, bonds or cash," he said.

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Tags: income distribution, mutual fund, dividend fund, Pacific Mutual