HLAM Wins One Group Award and One Individual Award
Hong Leong Asset Management Bhd (“HLAM”) received two awards at the recent annual The Edge | Thomson Reuters Lipper awards ceremony1; namely, Best Equity Award – Malaysia Provident for the Company and Best Equity Malaysia – Malaysia Provident, 3 Years for Hong Leong Penny Stock Fund (“Penny Stock Fund”).
“HLAM’s priority is to maintain our track record in delivering satisfactory fund performance for our investors. Whilst we are glad to have received the two awards, we would like to thank our investors who have put their trust in us and have continued to remain invested in our funds. Our priority continues to be on offering products that meet their needs, especially from a risk-return perspective. It is easier said than done but as a house, HLAM remains committed to maintaining our approach to managing our funds and to remain true to our investment strategy and apply a rigorous investment process which includes having a good understanding of the business and outlook of the companies which we invested in,” said Hoo See Kheng, Chief Executive Officer of HLAM.
Penny Stock Fund delivered consistently strong risk-adjusted returns relative to its peers – making it a star winner under its category with a 23.89% return during the 3-year period ending 31 December 20162.
Looking ahead, HLAM is positive on the Malaysian market outlook and advises investors to stay invested and exercise prudent diversification across various asset classes. The Company also favours sectors that may benefit from potential government pump-priming such as the consumer and construction sectors.
HLAM funds are distributed nationwide through its agency force and appointed Institutional Unit Trust Advisers, with Hong Leong Bank Berhad being the main distributor. As of 31 January 2017, the Company manages 17 unit trust funds, 5 wholesale funds and tailor-made private mandates with a total Assets Under Management of RM12.51 billion.
Source 1 announced on 27 February 2017.
2 Lipper, as at 31 December 2016.
ABOUT HONG LEONG ASSET MANAGEMENT BHD:
Hong Leong Asset Management is an asset management company within the Hong Leong Financial Group. The company manufactures and distributes unit trust funds, wholesale funds and customised portfolio solutions to the retail and institutional segments. As at 31 January 2017, Hong Leong Asset Management’s total assets under management stands at RM12.51 billion.