Hong Leong Asset Management Bhd Declares Cash Distribution For 3 Funds

Dated 04-10-2010


Hong Leong Asset Management Bhd Declares Cash Distribution For 3 Funds


Kuala Lumpur,4 October 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 Growth Fund, 0.6 cents per unit for Hong Leong Penny Stock Fund, 3.5 cents per unit for Hong Leong Blue Chip Fund to respective unitholders as at 30 September 2010.

“We are very proud of the achievements of our funds, for which we have received favourable response 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 Growth Fund, Hong Leong Penny Stock Fund and Hong Leong Blue Chip Fund will benefit our investors. We strive to better serve our investors by aiming to consistently outperform benchmarks of our funds,” said Ng.

Launched in 8 September 1995, Hong Leong Growth Fund is an equity growth fund. The primary objective of Hong Leong Growth Fund is to provide investors with an opportunity to earn attractive capital gains and income at an acceptable risk on a medium to long term basis by investing in companies which have strong cash flows and balance sheets and the potential for earnings growth. As at 30 September 2010, the total fund size of Hong Leong Growth Fund is RM 185.87 million with 258.62 million units in circulation.

Hong Leong Penny Stock Fund, which is primarily an equity fund, was launched on 26 April 1999. The Fund seeks to achieve large percentage capital gains by investing in well-managed and financially stable companies in which the stocks are selling at prices close to or at deep discounts to their net tangible asset values or at reasonable valuations. As at 30 September 2010, the total fund size for Hong Leong Penny Stock Fund is RM 111.03 million with 954.10 million units in circulation.

Hong Leong Blue Chip Fund was launched in 26 April 1999. The objective of Hong Leong Blue Chip Fund is to achieve capital gains through investments in well-capitalised (market capitalisation of above RM300 million) and financially sound “blue chip” stocks over the medium to long term period. As at 30 September 2010, the total fund size of Hong Leong Blue Chip Fund is RM 29.47 million with 65.52 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 a strategic nationwide sales support infrastructure. This includes our headquarters in Kuala Lumpur and six sales support offices nationwide in Klang Valley, Ipoh, Penang, Johor Bahru, Kuching and Kota Kinabalu.

As at 30 September 2010, Hong Leong Asset Management Bhd has a total assets under management of RM 3.42 billion.