Hong Leong Asset Management Bhd Declares Cash Distribution For 4 Funds

Dated 05-08-2010


Hong Leong Asset Management Bhd Declares Cash Distribution For 4 Funds


Kuala Lumpur, 5 August 2010 – Hong Leong Asset Management Bhd (formerly known as HLG Unit Trust Bhd) is proud to announce a gross cash distribution of 3.5 cents per unit for Hong Leong Balanced Fund, 3.0 cents per unit for Hong Leong Bond Fund, 2.0 cents per unit for Hong Leong Dana Makmur and 3.5 cents per unit for Hong Leong Dana Maa’rof to respective unitholders as at 30 July 2010.

“We are very proud of the achievements of our funds, for which we have received favourable responses from our investors since inception.” said Geoffrey Ng, Chief Executive Officer / Executive Director of Hong Leong Asset Management Bhd. “We hope that the cash distribution for Hong Leong Bond Fund, Hong Leong Balanced Fund, Hong Leong Dana Makmur and Hong Leong Dana Maa’rof will benefit our investors. We strive to better serve our investor by aiming to consistently outperform benchmarks of our funds,” said Ng.

Hong Leong Balanced Fund, as its name denotes is a balanced fund. Hong Leong Balanced Fund was launched on 29 April 2002, where its main objective is to achieve regular income and consistent capital growth over the medium to long term by investing into a diversified investment portfolio containing a “balanced” mixture of equities and fixed income securities. As at 30 July 2010, Hong Leong Balanced Fund’s total fund size is RM 25.73 million with 52.48 million units in circulation.

Hong Leong Bond Fund, which is primarily an income fund, was launched on 29 January 2002. The key objective of the fund is to seek regular income whilst at the same time aims to offer stability of the capital value with minimal risk. As at 30 July 2010, the total fund size for Hong Leong Bond Fund is RM 75.62 million with 139.60 million units in circulation.

Hong Leong Dana Makmur is an Islamic equity fund. Launched on 12 November 2001, Hong Leong Dana Makmur’s primary objective is to achieve consistent capital growth over the medium to long term by investing strictly in accordance with Shariah principles. As at 30 July 2010, the total fund size for Hong Leong Dana Makmur is RM 18.50 million with 36.71 million units in circulation.

Hong Leong Dana Maa’rof, launched in 25 March 2003, is primarily an Islamic balanced fund. The Fund seeks to achieve regular income and meaningful medium-to-long term capital growth through a diversified investment portfolio containing a ‘balanced’ mixture of equities and fixed income securities. All investments must strictly adhere to Shariah principles. As at 30 July 2010, Hong Leong Dana Maa’rof’s total fund size is RM 18.64 million with 36.01 million units in circulation.

About Hong Leong Asset Management Bhd (318717-M)

Hong Leong Asset Management Bhd (formerly known as HLG Unit Trust Bhd) is an established asset management company, and a member of the Hong Leong Group. The company offers a comprehensive range of managed assets including unit trust funds and discretionary assets across a spectrum of funds that include state governments, insurance companies, endowments and corporations.

At Hong Leong Asset Management Bhd, we offer investors opportunities to participate in sophisticated investment products that open up global and local opportunities. With an extensive stable of cutting-edge investment products, we have continuously positioned ourselves to deliver innovation and superior value to our investors.

Our direct and channel distribution activities are also supported by 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 1 June 2010, Hong Leong Asset Management Bhd has a total assets under management of RM5.1 billion.