Hong Leong Asset Management Bhd Declares First Income Distribution for Hong Leong Asia Pacific Equity Fund

Kuala Lumpur, September 12 - Hong Leong Asset Management Bhd (“Hong Leong AM”) has declared a gross income distribution of six sen per unit for Hong Leong Asia Pacific Equity Fund (“HLAPEF” or “the Fund”), for the period commencing 1 January 2022 to 31 July 2022. HLAPEF is managed by Hong Leong AM’s external fund manager - Sumitomo Mitsui DS Asset Management (Hong Kong) Limited (“SMDAMHK”), a wholly-owned overseas subsidiary of Sumitomo Mitsui DS Asset Management Company Limited which has more than 30 years of experience and over 270 investment professionals across Tokyo, London, New York, Hong Kong, Singapore and Shanghai.

Hoo See Kheng, Chief Executive Officer of Hong Leong AM said, “We are delighted to announce the first distribution payout to HLAPEF investors. Despite the headwinds, we remain broadly favourable of Asia-Pacific’s growth prospects due to, among others, the resuming of factory operations in Southeast Asia, increase of inventory restocking demand and steady exports. Tapping into SMDAMHK’s investment capabilities and knowledge, it is our belief that the Fund will see potential sustainable growth, especially during the volatile period.”

Kenji Hashizume, Senior Portfolio Manager of SMDAMHK said, “While uncertainties and volatility are likely to remain due to the COVID-19, inflation and geopolitical factors, we are optimistic on the economic recovery and will continue to focus on companies with sustainable earnings growth, optimal shareholder return policy and reasonable valuation.”

Below is a snapshot of the distribution yield for the 12-month period ending 31 July 2022 for HLAPEF:

*Source: Lipper, as at 31 July 2022

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

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About Hong Leong Asset Management Bhd:

Hong Leong AM is an asset management company within the Hong Leong Financial Group Berhad group of companies. Hong Leong AM establishes and distributes unit trust funds, wholesale funds and customised portfolio solutions to retail and institutional segments. Hong Leong AM’s wholly-owned subsidiary, Hong Leong Islamic Asset Management Sdn Bhd (HLISAM) was 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.

Disclaimer:

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”).
• A copy of the HLAM Prospectus 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 are advised to 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 investors and where in doubt, investors are advised to seek independent professional advice.