"Best Fund Manager In Asia 2006"

Public Mutual Named “Best Fund Manager In Asia 2006"



Chairman of Public Mutual Berhad, Tan Sri Dato' Sri Teh Hong Piow receiving the Failaka Award for Best Fund Manager - Asia from Mark J. Smyth, Managing Director of Failaka Advisors.Public Mutual Bhd was named winner of the “Best Fund Manager in Asia 2006 Award” by the Failaka Advisors. 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 20 May 2007 at Sunway Pyramid Convention Centre, Petaling Jaya.



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 Smyth said, “Public Mutual has shown consistent outstanding performance in its category - Best Fund Manager in Asia. Globally, we have seen investments in this space grow by double digits to USD14 billion as of year end 2006.



When we published our first Islamic fund report in 1998 (for 1997), we profiled 13 Shariah-compliant equity funds compared to 218 funds profiled in our current report for 2006.”In his acknowledgement speech, Tan Sri Teh expressed Public Mutual’s pride in receiving this international recognition, which is a testimony of the company’s collective dedication and commitment to continuously deliver value to its investors. Tan Sri Teh dedicated the award, “to Public Mutual’s board of directors, management, staff, agency force and unit holders for your strong support given over the years which have provided the platform for Public Mutual to attain its prominence today.”Public Mutual Bhd, a wholly-owned subsidiary of the Public Bank Group is Malaysia’s largest private unit trust company, managing a total of 42 funds with more than 1 million accountholders todate. As at 14 May 2007, the company’s fund size has exceeded RM20 billion.