Hong Leong Asset Management declares Income Distributions of RM602 million for its Funds

Dated 17-02-2021


Kuala Lumpur, 17 February 2021 - Hong Leong Asset Management Bhd (“Hong Leong AM”) has declared income distributions amounting to RM602 million for its Funds, over the period from 1 January 2020 to 31 December 2020.


Hoo See Kheng, Chief Executive Officer of Hong Leong AM mentioned, “We are pleased to announce a distribution payout of over RM602 million to our investors. By remaining committed to a rigorous approach on our investment philosophy, our fund managers continue to deliver a consistent and sustainable distribution yield to our investors amidst the uncertain and volatile market conditions. Our outlook on the global economy in 2021 remains positive. With general consensus that the global GDP will grow above 5%, investors can explore opportunities within Hong Leong AM’s broad spectrum of investment solutions through equities, fixed income, money market and multi-assets.”
 
Below is a snapshot of the past 12 months’ distribution yields for some of Hong Leong AM’s equity, balanced & mixed asset fund stable:
 
Fund Name
Conventional/
Islamic
% Distribution Yield
31 Dec 2019 To
31 Dec 2020
1 Year
HL Value Fund*
Conventional
24.65
HL Asia-Pacific Dividend Fund
Conventional
12.77
HL Growth Fund
Conventional
12.14
HL Hong Kong Equity Optimizer Fund
Conventional
10.40
HL Dividend Fund
Conventional
8.47
HL Consumer Products Sector Fund
Conventional
7.67
HL Balanced Fund
Conventional
6.28
HL Dana Makmur
Islamic
11.92
HL Dana Maa'rof
Islamic
7.99
*formerly known as Hong Leong Penny Stock Fund
Source: Lipper, as at 31 December 2020
 
The Funds are distributed through Hong Leong AM offices, Hong Leong Bank Berhad’s branches nationwide and digitally via HL iSmart Invest.
 
 
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About Hong Leong Asset Management Bhd:
Hong Leong AM is an asset management company within the Hong Leong Financial Group of companies. Hong Leong AM establishes and distributes unit trust funds, wholesale funds and customised portfolio solutions to the retail and institutional segments. Hong Leong AM’s wholly-owned subsidiary, Hong Leong Islamic Asset Management Sdn Bhd (HLISAM) has been appointed as an external Fund Manager with effect from 17 April 2020, to offer Islamic-based fund management services.
 
Visit http://www.hlam.com.my for more information on the Funds.
 
 
Media contact:
 
Evelyn Cheah Hooi Leng
Manager, Marketing & Customer Experience – Hong Leong Asset Management Berhad
DID: +603 2081 8602
 
 
Disclaimer:
 
Before investing, investors are advised to read and understand the contents of the following:
  • Hong Leong Master Prospectus dated 23 August 2019, its First, Second and Third Supplementary Master Prospectus dated 18 November 2019, 27 March 2020 and 31 December 2020 respectively (collectively known as the “HLAM Prospectus”) and the Product Highlight Sheet (“PHS”).
 

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