HLG Unit Trust Bhd announces a gross cash distribution of 7.5 cents per unit for HLG Growth Fund and 5.0 cents per unit for HLG Blue Chip Fund as at October 31 2004.
KUALA LUMPUR – Nov 1 : HLG Unit Trust Bhd is proud to announce a gross cash distribution of 7.5 cents per unit for HLG Growth Fund and 5.0 cents per unit for HLG Blue Chip Fund to respective unitholders as at October 31 2004.
The HLG Growth Fund and HLG Blue Chip Fund are two of the most outstanding funds in HLG Unit Trust Bhd. Since its launch until now (from the period starting October 9 1995 till September 30 2004), HLG Growth Fund has recorded a growth rate of 37.89% compared to KLCI’s growth rate of -12.96% (Source: Lipper Asia Ltd). Whereas from launch till now (for the period starting May 17 1999 to September 30 2004), HLG Blue Chip Fund has recorded a growth rate of 29.56% compared to the KLCI benchmark of 11.42% (Source: Lipper Asia Ltd).
“Our HLG Growth Fund and HLG Blue Chip Fund had received favourable responses from our investors since inception.” said Richard Lin, Executive Director / Chief Executive Officer of HLG Asset Management Sdn Bhd. “The cash distribution for HLG Growth Fund and HLG Blue Chip Fund will benefit our investors. We strive to better serve our investors by aiming to continuously outperform the benchmarks of our funds” said Lin.
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 October 25 2004, the total fund size of HLG Growth Fund is RM495.42 million with 634.25 million units in circulation.
HLG Blue Chip Fund was launched in April 26 1999. The objective of HLG Blue Chip Fund is to achieve capital gains through investments in well-capitalised (market capitalisation of above RM300 million) and financially sound “blue chip” stocks over the medium to long term period. As at October 25 2004, the total fund size of HLG Blue Chip Fund is RM85.19 million with 172.28 million 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 13 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 October 25 2004, HLG Unit Trust Bhd manages 13 unit trust funds with a combined total fund size of RM 1.40 billion. #