KUALA LUMPUR: The second half of 2017 will continue to be positive for the stock market but valuations are becoming rather expensive, said Pacific Mutual Fund Bhd. “In the first half of 2017, market bullishness was driven by “Trumpflation” and the continuation of a global economic recovery. To wrap up the first half of 2017, Pacific Mutual announced income distributions amounting to RM7.8 million for investors of eight of its funds. The company has declared annual income distributions of two sen per unit for Pacific Millennium Fund, 3.5 sen per unit for Pacific Recovery Fund, three sen per unit for Pacific SELECT Balance Fund, and two sen per unit for Pacific Real Opportunities Absolute Return Fund. The company also declared quarterly distributions of 0.4 sen per unit for Pacific Cash Fund and 1.05 sen per unit for Pacific Emerging Market Bond Fund.

Source: New Strait Times July 04, 2017 11:03 UTC