Hong Leong Asset Management

Hong Leong Asset Management Bhd Declares Income Distributions of RM292 million for its Funds

9/15/2021

Kuala Lumpur, 15 September 2021 - Hong Leong Asset Management Bhd (“Hong Leong AM”) has declared income distributions amounting to RM292 million, for the period beginning 1 January 2021 to 31 July 2021.

“We are pleased to announce a distribution payout of over RM292 million to our investors. By staying committed to a rigorous approach on our investment philosophy and strategy, we aim to deliver a consistent and sustainable distribution yield to our investors amid the ongoing uncertainty in the market,” said Hong Leong AM’s Chief Executive Officer, Hoo See Kheng.

With the encouraging vaccination rates¹ in the country, Hong Leong AM is optimistic about a market recovery in 4Q2021 and is anticipating an improvement of corporate earnings with the reopening of the economy, while Hong Leong AM believes that its bottom-up stock picking strategy would be able to achieve the funds’ respective objectives, capital growth and distribution yield.

Below is a snapshot of the distribution yields for the 12-month period from 1 August 2020 to 31 July 2021 for some of Hong Leong AM’s equity, balanced & mixed asset funds table:

Fund Name	Conventional/ Islamic	Distribution Yield (%)*
		1 Aug 2020 to 31 July 2021
		One-Year
*Retail Fund*
Hong Leong Value Fund	Conventional	8.54
Hong Leong Asia-Pacific Dividend Fund	Conventional	7.36
Hong Leong Growth Fund	Conventional	7.76
Hong Leong Hong Kong Equity Optimizer Fund	Conventional	8.30
Hong Leong Dividend Fund	Conventional	7.66
Hong Leong Consumer Products Sector Fund	Conventional	9.70
Hong Leong Balanced Fund	Conventional	6.69
Hong Leong Dana Makmur	Islamic	7.94
Hong Leong Dana Maa'rof	Islamic	6.78
*Wholesale Fund*
Hong Leong Global Multi Strategies Fund**	Conventional	3.65

*Source: Lipper, as at 31 July 2021

**For sophisticated investors only

The funds are distributed through Hong Leong AM offices, Hong Leong Bank Berhad’s branches nationwide and digitally via HL iSmart Invest.

Source:

¹ https://www.theedgemarkets.com/article/malaysia-records-highest-daily-vaccination-rate-421479-doses-july-12

-------- END -------

About Hong Leong Asset Management Bhd:

Hong Leong AM is an asset management company within the Hong Leong Financial Group of companies. Hong Leong AM establishes and distributes unit trust funds, wholesale funds and customised portfolio solutions to the retail and institutional segments. Hong Leong AM’s wholly-owned subsidiary, Hong Leong Islamic Asset Management Sdn Bhd (HLISAM) has been appointed as an external Fund Manager with effect from 17 April 2020, to offer Islamic-based fund management services.

Visit http://www.hlam.com.my for more information on the Funds.

Media contact:

Jasemaine Gan

Manager, Marketing & Customer Experience – Hong Leong Asset Management Bhd

DID: +603 2081 8508

Email: SWGan@hlam.hongleong.com.my

Disclaimer:

This press release has not been reviewed by the Securities Commission Malaysia.

Before investing, investors are advised to read and understand the contents of the following:

Hong Leong Master Prospectus dated 23 August 2019, its First, Second and Third Supplementary Master Prospectus dated 18 November 2019, 27 March 2020 and 31 December 2020 respectively (collectively known as the “HLAM Prospectus”) and the Product Highlight Sheet (“PHS”).
Hong Leong Global Multi Strategies Fund’s Information Memorandum dated 20 March 2020 and its First Supplementary Information Memorandum dated 31 December 2020 (collectively known as the “HLGMSF IM”) and the PHS.

A copy of the HLAM Prospectus, HLGMSF IM and PHS can be obtained from any of Hong Leong Asset Management Bhd’s offices, agents or authorised distributors and investors have the right to request for it. Investors should also consider the fees and charges involved before investing. Prices of units and distributions payable, if any, may go down or up and past performance is not a guarantee of future performance. Investors should be aware of the risks associated with each fund before investing. The Funds may not be suitable for all and if in doubt, investors should seek independent professional advice.