Kuala Lumpur, September 19 - Hong Leong Asset Management Bhd (“Hong Leong AM”) has declared income distribution amounting to RM335 million for 18 funds, for the period commencing 1 January 2023 to 31 July 2023.
Hong Leong AM’s Executive Director / Chief Executive Officer, Hoo See Kheng said, “We are pleased to declare a distribution pay-out of RM335 million to our investors despite the challenging external economic environment. While market volatility is expected to persist due to the uncertain outcomes of the various macro events happening around the world at the moment, Hong Leong AM will continue our aim to deliver sustainable distribution yields to our investors through time-tested investment strategies guided by our investment philosophies.”
Notably, Hong Leong AM enters the first half of 2023 with industry recognition by the Refinitiv Lipper Fund Awards, where 4 of Hong Leong AM's EPF-Members Investment Scheme (“MIS”) approved funds have maintained their winning streaks in various categories, collectively winning a total of 20 individual fund awards in both Malaysia and the Global Islamic universe. The Refinitiv Lipper Fund Awards is industry validation for Hong Leong AM’s investment team for their consistent delivery of risk-adjusted performances relative to their peers^.
Below is a snapshot of the annualised distribution yields for the 7-month period ending 31 July 2023 for some of Hong Leong AM’s equity and balanced funds:
|
Fund Name |
Fund Category |
Annualised Distribution Yield (%)* |
|
7-Month |
|
Retail Fund - Conventional |
||
|
Hong Leong Asia Pacific Equity Fund |
Equity |
11.19 |
|
Hong Leong Asia-Pacific Dividend Fund |
Equity |
9.97 |
|
Hong Leong Consumer Products Sector Fund |
Equity |
8.24 |
|
Hong Leong Dividend Fund |
Equity |
8.21 |
|
Hong Leong Growth Fund |
Equity |
13.64 |
|
Hong Leong SEA-5 Equity Fund |
Equity |
11.22 |
|
Hong Leong Value Fund |
Equity |
11.95 |
|
Hong Leong Balanced Fund |
Balanced |
6.61 |
|
Retail Fund - Islamic |
||
|
Hong Leong Dana Makmur |
Equity |
8.58 |
|
Hong Leong Dana Maa'rof |
Balanced |
6.57 |
*Source: Lipper, as at 31 July 2023
The funds are distributed through Hong Leong AM offices and Hong Leong Bank Berhad’s branches nationwide, while selected funds are also distributed via HLAM’s agency force nationwide and digitally, via HL iSmart Invest.
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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, private investment mandate and Private Retirement Scheme to retail and institutional segments. Hong Leong AM’s wholly-owned subsidiary, Hong Leong Islamic Asset Management Sdn Bhd (“HLISAM”) is an Islamic fund management company (“IFMC”) licensed by the Securities Commission Malaysia (“SC”) on 18 November 2019 for the regulated activity of Islamic fund management.
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 27 February 2023 and First Supplementary Master Prospectus dated 18 August 2023 (collectively known as the “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. 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 are advised to 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.