Fund delivered a total return of 278.46%* since inception
Kuala Lumpur, 6 August 2012 - Hong Leong Asset Management Bhd is proud to announce a unit split to all unitholders for its Hong Leong Consumer Products Sector Fund. The unit split exercised on 31 July 2012 follows the Fund’s strong performance in the past half year.
“We have charted yet another achievement with the declaration of unit split for the Hong Leong Consumer Products Sector Fund,” said Mr Geoffrey Ng, Chief Executive Officer and Executive Director of Hong Leong Asset Management Bhd. “The Hong Leong Consumer Products Sector Fund outperformed 98 percent* of its peers with a 93 percent* total return in the past three years to 31 July 2012. The consistent and positive performance of the fund is testimony that the Malaysian consumer sector continues to be an evergreen investment theme that has the qualities of a growth sector, while being relatively defensive against market volatility. We are confident that the Fund will continue to perform well in the near future,” Ng added.
Following the unit split on 31 July 2012, the NAV per unit for Hong Leong Consumer Products Sector Fund has changed from RM1.6084 to RM0.5361. Investors should note that the unit split does not affect the value of their investment.
*Source: Lipper Malaysia, as at 31 July 2012
Past performance of the Fund is not an indication of the future performance of the Fund.
About Hong Leong Consumer Products Sector Fund
Launched in 29 August 2000, the Hong Leong Consumer Products Sector Fund is an equity growth fund. The Fund is designed to provide the Malaysian public with an affordable and flexible access into an investment portfolio that focuses solely on equities in consumer product companies.
About Hong Leong Asset Management Bhd (318717-M)
Hong Leong Asset Management Bhd is an established asset management company offering a comprehensive range of managed investment solutions across segregated assets and unit trust funds for state governments, insurance companies, endowments, family offices, corporations and high net worth individuals.
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 five sales support offices nationwide in Klang Valley, Ipoh, Penang, Kuching and Kota Kinabalu.
As at 31 July 2012, Hong Leong Asset Management Bhd has total assets under management of RM 5.14 billion.