HLAM declares RM58 million distribution for 11 funds

Dated 27-01-2017


Distributions in January 2017


Hong Leong Asset Management Bhd (“HLAM” or “the Manager”) announced income distributions amounting to RM58 million in January 2017 for a total of 11 funds under management. In view of the encouraging performance for the funds, HLAM has declared distributions for 11 of its funds, in varying frequencies:
 
 
Funds
Distribution
date
Ex-date
Gross distribution per unit
Hong Leong Income Management Fund
3 January 2017
4 January 2017
0.0330 sen
9 January 2017
10 January 2017
0.0290 sen
16 January 2017
17 January 2017
0.0330 sen
23 January 2017
24 January 2017
0.0340 sen
Hong Leong Islamic Institutional Income Management Fund II
3 January 2017
4 January 2017
0.0610 sen
9 January 2017
10 January 2017
0.0530 sen
16 January 2017
17 January 2017
0.0620 sen
23 January 2017
24 January 2017
0.0630 sen
Hong Leong Money Market Fund
3 January 2017
4 January 2017
0.0700 sen
9 January 2017
10 January 2017
0.0600 sen
16 January 2017
17 January 2017
0.0710 sen
23 January 2017
24 January 2017
0.0700 sen
Hong Leong Growth Fund
18 January 2017
19 January 2017
5.9400 sen
Hong Leong Penny Stock Fund
18 January 2017
19 January 2017
0.9500 sen
Hong Leong Consumer Products Sector Fund
18 January 2017
19 January 2017
3.2200 sen
Hong Leong Dana Makmur
18 January 2017
 19 January 2017
4.3000 sen
Hong Leong Balanced Fund
18 January 2017
19 January 2017
4.0900 sen
Hong Leong Dana Maa’rof
18 January 2017
 19 January 2017
0.9000 sen
Hong Leong Institutional Bond Fund
19 January 2017
20 January 2017
0.1000 sen
Hong Leong Islamic Income Management Fund
19 January 2017
 20 January 2017
0.1000 sen
 
This payout marks an 8 per cent distribution yield for the five (5) funds: Hong Leong Growth Fund, Hong Leong Penny Stock Fund, Hong Leong Consumer Products Sector Fund, Hong Leong Dana Makmur and Hong Leong Balanced Fund (based on Net Asset Value per unit as at 31 December 2016).
 
The distributions amounting to RM58 million made within the month is attributed to the fund manager’s disciplined and systematic investment process backed by rigorous due diligence.
 
On the domestic market outlook for 2017, HLAM is positive on Malaysia. The company believes that values have emerged and Malaysia will deliver higher growth given the strong spending in domestic infrastructure, i.e. mass rail transits, expressways and railways.
 
 
 
ABOUT THE FUNDS:
Hong Leong Growth Fund is an equity fund whereby its primary objective is to provide investors an attractive level of regular income and capital gain on the value of units at an acceptable risk.
 
Hong Leong Penny Stock Fund, also an equity fund, seeks to achieve large percentage gains by investing in well-managed and financially stable companies which stocks are selling at prices close to or at deep discounts to their net tangible asset values.
 
As for Hong Leong Consumer Products Sector Fund, it is an equity fund that seeks to provide the Malaysian public with an affordable and flexible access into an investment portfolio that focuses solely on securities that are classified under the Bursa Malaysia Consumer Product sector.
 
Moving on to Hong Leong Dana Makmur, it is an Islamic equity fund, with the objective of achieving consistent capital growth over the medium-to-long term by investing strictly in accordance with the Shariah requirements.
 
Hong Leong Balanced Fund, as its name denotes is a balanced fund. The Fund aims to provide investors with regular income and consistent capital growth over the medium-to-long term by investing in a diversified investment portfolio containing a balanced mixture of equities and fixed income securities.
 
Hong Leong Dana Maa’rof, which is primarily an Islamic balanced fund, seeks to achieve not only regular income but also meaningful medium-to-long term capital growth. The Fund provides the public an affordable access into a diversified investment portfolio containing a ‘balanced’ mixture of equities and fixed income securities that comply with the Shariah requirements.
 
Hong Leong Money Market Fund, on the other hand is a money market fund, which aims to provide regular income while maintaining capital stability by investing primarily into deposits and money market instruments.
 
As for Hong Leong Islamic Income Management Fund, it is an Islamic fixed income fund which provides investors with a low risk investment portfolio offering a stable and regular stream of income and stability in capital while adhering to Shariah requirements.
 
The Hong Leong Institutional Bond Fund is a bond fund that offers a stable stream of income that is higher than the prevailing fixed deposit rate, and at the same time stability in capital. It also allows corporations that have excess liquidity for periods exceeding a year to have some current income that is tax exempted.
 
Hong Leong Income Management Fund is a wholesale fixed income fund that aims to provide investors with the opportunity to enjoy regular income distribution while maintaining capital stability.
 
Hong Leong Islamic Institutional Income Management Fund II is another wholesale fixed income fund that aims to provide regular income while maintaining capital stability by investing in Islamic money market instruments and Islamic deposits.
 
 
 
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 December 2016, Hong Leong Asset Management’s total assets under management stands at RM10.31 billion.