Kuala Lumpur, 11 November 2024 – Hong Leong Asset Management Bhd (“Hong Leong AM”) has announced the launch of Hong Leong Dana Dividen (the “Fund”), a Shariah-compliant equity income and growth fund designed to provide investors with the opportunity for both capital growth and regular income distribution.
Chue Kwok Yan, Chief Executive Officer of Hong Leong Asset Management said, “Through the launch of this new fund, we are excited to offer investors a product that aligns with their values while providing the potential for regular income and long-term capital growth. By focusing on companies that uphold Shariah principles and adhere to strong ethical business practices, the Fund aims to deliver both financial and socially responsible benefits.
We are committed to supporting investors in meeting their financial goals by providing access to a diversified portfolio of Shariah-compliant equities and equity-related securities, with a particular emphasis on companies which have good dividend payout policies or the potential to have good dividend policies and higher dividends. This allows investors to not only potentially grow their capital but also benefit from a steady income stream,” he added.
Noor Aini Binte Shaik Awab, Chief Executive Officer of Hong Leong Islamic Asset Management Sdn Bhd (“Hong Leong Islamic AM”) said, “As the external fund manager for Hong Leong Dana Dividen, our focus is on identifying well-managed, Shariah-compliant companies with solid growth potential. Our disciplined approach to managing Shariah-compliant portfolios allows us to seek out quality investments that are aligned with the Fund’s investment objective. By carefully selecting companies with strong fundamentals and ethical business practices, we aim to position the Fund to offer both competitive returns and long-term sustainability.
The diversified portfolio spreads risk across different sectors and assets, enhancing the potential for stable and consistent profitability over time. Our commitment is to provide investors with a balanced, principled investment strategy that supports their financial goals, while maintaining ethical integrity,” she added.
Hong Leong Islamic AM is the appointed external fund manager for the Fund. The Fund is distributed through Hong Leong AM offices and Hong Leong AM agency force nationwide, and is priced at RM0.5000 per unit during the initial offer period (“IOP”) until 1 December 2024. The minimum initial investment is RM1,000 while the minimum additional investment amount is RM100. Additionally, the Fund is also distributed via Hong Leong AM’s online portal – HL iSmart Invest.
To learn more about Hong Leong Dana Dividen, please visit www.hlam.com.my or contact our customer experience at 2081 8600.
-------- END -------
About Hong Leong Asset Management Bhd (“Hong Leong AM”):
Hong Leong AM is an asset management company within the Hong Leong Financial Group Berhad group of companies. Hong Leong AM establishes and distributes unit trust funds, wholesale funds, private investment mandate and Private Retirement Scheme to retail and institutional segments. Hong Leong AM’s wholly-owned subsidiary, Hong Leong Islamic Asset Management Sdn Bhd (“HLISAM”) is an Islamic fund management company (“IFMC”) licensed by the Securities Commission Malaysia (“SC”).
Visit http://www.hlam.com.my for more information on the funds.
Media contact:
Somesh Naidu
Manager, Marketing & Customer Experience – Hong Leong Asset Management Bhd
DID: +603 2081 8607
Email: somesh@hlam.hongleong.com.my
Disclaimer:
This press release has not been reviewed by the Securities Commission Malaysia.
Before investing, investors are advised to read and understand the contents of the following:
- Hong Leong Dana Dividen Prospectus dated 11 November 2024 (“HLDD Prospectus”) and the Product Highlight Sheet (“PHS”).
A copy of the Prospectus and PHS for HLDD can be obtained from any of Hong Leong Asset Management Bhd’s offices, or authorised distributors and investors have the right to request for it. Investors should also consider the fees and charges involved before investing. Investors should be aware of the risks associated with each fund before investing. The Fund may not be suitable for all and if in doubt, investors should seek independent professional advice.