HLG Unit Trust Bhd announces a gross cash distribution of 5.0 cents per unit for HLG Growth Fund, 3.0 cents per unit for HLG Balanced Fund, 2.2 cents per unit for HLG Bond Fund, 3.0 cents per unit for HLG Dana Makmur and 3.0 cents per unit for HLG Dana Maa’rof for the financial year ending June 30 2005.
KUALA LUMPUR – July 4 : HLG Unit Trust Bhd is proud to announce a gross cash distribution of 5.0 cents per unit for HLG Growth Fund, 3.0 cents per unit for HLG Balanced Fund, 2.2 cents per unit for HLG Bond Fund, 3.0 cents per unit for HLG Dana Makmur and 3.0 cents per unit for HLG Dana Maa’rof to respective unitholders for the financial year ending June 30 2005.
“We are very proud of the achievements of our funds, for which we have received favourable responses from our investors since inception.” said Richard Lin, Executive Director / Chief Executive Officer of HLG Asset Management Sdn Bhd. “We strive to better serve our investor by aiming to consistently outperform benchmarks of our funds,” said Lin.
While HLG Growth Fund and HLG Dana Makmur are equity funds, HLG Dana Maa’rof and HLG Balanced Fund are both balanced funds.
The fund performances were encouraged by strong market sentiment last year. As of June 30 2005, HLG Unit Trust manages 15 funds worth RM 1.82 billion. Most recently, the company launched two new defensive funds, HLG Strategic Fund and HLG Dividend Fund into the marketplace.
About the Funds
Launched in September 8 1995, HLG Growth Fund is a conservative equity growth fund. The primary objective of HLG 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 June 30 2005, the total fund size of HLG Growth Fund is RM 416,343,334 with 628,135,000 units in circulation.
HLG Balanced Fund, as its name denotes is a balanced fund. HLG Balanced Fund was launched on April 29 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 June 30 2005, HLG Balanced Fund’s total fund size is RM 154,230,889 with 339,516,000 units in circulation.
HLG Bond Fund, which is primarily a fixed income fund, was launched on January 29 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 June 30 2005, the total fund size for HLG Bond Fund is RM 34,751,427 with 70,158,000 units in circulation.
HLG Dana Makmur is an Islamic equity fund. Launched on November 12 2001, HLG Dana Makmur’s primary objective is to achieve consistent capital growth over the medium to long term by investing strictly in accordance with Syariah principles. As at June 30 2005, the total fund size for HLG Dana Makmur is RM 27,338,562 with 55,086,000 units in circulation.
HLG Dana Maa’rof, launched in March 25 2003, is primarily an Islamic balanced fund. The fund invests in a mixture of equities and fixed-income securities such as money-market instruments, private debt securities (“PDS”) and government bonds. All investments must strictly adhere to Syariah principles. As at June 30 2005, HLG Dana Maa’rof’s total fund size is RM 7,996,544 with 17,273,000 units in circulation.
About HLG Unit Trust Bhd
Incorporated on October 5 1994, HLG Unit Trust Bhd is an established unit trust management company, and a member of the Hong Leong Group Malaysia. Its core business is the management of unit trust funds.
Here at HLG Unit Trust Bhd, everything we do reflects our tagline “Making Opportunities Work”. Making opportunities work is central to what we do. In the world of investment, it is all about being able to spot the right opportunities and at HLG Unit Trust Bhd, we strive to make them work for our investors.
Today, the company manages 15 unit trust funds, which are distributed nationwide through multiple channels. Direct and channel distribution activities are supported by the HLG Unit Trust Bhd’s 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 June 30 2005, HLG Unit Trust Bhd manages 15 unit trust funds with a combined total fund size of RM 1.82 billion.