HLG Unit Trust Increases Fund Size of Newly-Launched HLG Asia-Pacific Infrastructure Fund

Dated 17-07-2007


The HLG Asia-Pacific Infrastructure Fund initial approved fund size was fully subscribed within 6 business days of launch


Kuala Lumpur, 17 July 2007 – In response to the strong demand for its newly-launched equity growth fund, HLG Unit Trust Bhd has increased the fund size of the HLG Asia-Pacific Infrastructure Fund by 500 million units, from its initial approved fund size of 400 million units. Effective today, the fund’s offering is increased to 900 million units at an issue of RM 0.50 per unit.

The HLG Asia-Pacific Infrastructure Fund, which was launched on July 6 2007, had its initial approved fund size of 400 million units (RM 200 million value) fully subscribed by July 13 2007, within 6 business days of launch date.

The Fund, managed by HLG Unit Trust Bhd with HLG Asset Management Sdn Bhd as the external investment manager and UOB Asset Management (Singapore) Ltd [UOBAM] as the external foreign investment manager, is exclusively distributed only by United Overseas Bank (Malaysia) Bhd [UOB (Malaysia)] and Hong Leong Bank Berhad. Both banks are the authorised Institutional Unit Trust Agents (IUTAs) of the Fund. In addition, HLG Unit Trust Bhd’s agency force is also selling this Fund.

“With the new fund size of additional 500 million units, we are able to cope with market demand and the strong response from our investors,“ says Richard Lin, Executive Director/Chief Executive Officer of HLG Asset Management Sdn Bhd. The HLG Asia-Pacific Infrastructure Fund has appealed to investors who seek medium-to-long term capital growth by investing in securities through a portfolio of companies involved in infrastructure-related businesses in the region.

The HLG Asia-Pacific Infrastructure Fund is the 23rd Fund in HLG Unit Trust’s portfolio of funds. Currently, HLG Unit Trust Bhd already manages a diverse product range that includes a selection of Islamic Syariah-compliant unit trusts, growth funds, equity funds, balanced funds, sectoral funds as well as bond funds.

About HLG Asia-Pacific Infrastructure Fund

The HLG Asia-Pacific Infrastructure Fund is an equity growth fund that invests in equity and equity-related securities in the Asia-Pacific region which carry out infrastructure-related businesses. The Fund is designed for investors who are seeking potential for medium-to-long term capital appreciation from investments in infrastructure-related securities. The Fund is also suitable for investors who are seeking greater diversification in their investment holdings into the Asia-Pacific region.

To achieve the fund objective of medium-to-long term capital growth, the Fund would have exposure to a broad range of sectors, including but not limited to the transportation, utilities, capital goods, materials, engineering and construction.

UOBAM has been appointed as the external foreign investment manager, to manage the Fund’s investments in securities related to the infrastructure-related businesses in Asia Pacific region. UOBAM offers global investment management expertise to institutions, corporations and individuals, through customised portfolio management services and unit trusts. As at March 31 2007, the company has total assets of about S$25.8 billion under management.

The HLG Asia-Pacific Infrastructure Fund has a total fund size of 900 million units priced at RM 0.50 per unit. The initial offer period is from July 6 2007 to July 26 2007. Minimum initial investment for HLG Asia-Pacific Infrastructure Fund is RM 1,000 while the minimum additional investment is RM 100.

About HLG Unit Trust Bhd

Incorporated on October 5 1994, HLG Unit Trust Bhd is an established unit trust management company, and a member of the Hong Leong Group Malaysia. Its core business is the management of unit trust funds.

Here at HLG Unit Trust Bhd, everything we do reflects our tagline “Making Opportunities Work”. Making opportunities work is central to what we do. In the world of investment, it is all about being able to spot the right opportunities and at HLG Unit Trust Bhd, we strive to make them work for our investors.

The company already manages 23 unit trust funds to date, which are distributed nationwide through multiple channels. Direct and channel distribution activities are supported by the HLG Unit Trust Bhd’s strategic nationwide sales support infrastructure. This includes our headquarters in Kuala Lumpur and six sales support offices nationwide in Kuala Lumpur, Ipoh, Penang, Johor Bahru, Kuching and Kota Kinabalu.

As at July 13 2007, HLG Unit Trust Bhd has a combined total fund size of RM 2.13 billion.