Hong Leong Financial Services Group Promotes Islamic Funds With New Packaged Investment Option
In view of the upsurge demand for portfolio management and good financial planning, HLG Unit Trust Bhd in partnership with Hong Leong Islamic Bank and Hong Leong Bank is proud to launch the Golden Income Investment package for unit trust investors.
Focused on conservative and defensive funds, the Golden Income Investment option offers investors a selection of established Islamic unit trusts. Investors can choose from an array of investment options that best suit them, comprising HLG Dana Makmur, HLG Dana Maa’rof, HLG Dana Munir or Islamic fixed deposit, combined in packages with differing asset allocation and investment objective. This unit trust offering is tailored to suit the growing appetite of the general investing public that has skewed towards more income-based and defensive unit trust funds.
This Golden Income Investment campaign, which will run from 8 August 2005 till 31 October 2005, is specially conceived to follow on the heels of the grand launch of the Hong Leong Islamic Bank last month. During this 3-month campaign period, Hong Leong Islamic Bank and Hong Leong Bank investors who invest in a package with a minimum of RM20,000 will receive an exclusively designed “Prosperity Money Tree’’ 916 gold pendant designed by Habib Jewels.
During the launch ceremony, the investment offering was jointly launched by Mr. Daud Abdullah, Managing Director of Hong Leong Islamic Bank and Mr. Richard Lin, Executive Director / CEO of HLG Asset Management Sdn Bhd.
“The selections that are included in the investment packages are 3 HLG Islamic Funds namely, HLG Dana Makmur, HLG Dana Maa’rof and HLG Dana Munir as well as the Islamic fixed deposit.
The defensive nature of these three Islamic funds, which ranges from equity to bond, is suitable for more conservative investors who seek stable investment returns and regular income” Lin said.
Since inception of HLG Dana Makmur on November 12 2001, HLG Unit Trust Bhd has declared 3 rounds of cash distribution for the fund. It has declared a gross cash distribution of 5.5 sen per unit, 6.0 sen per unit and 3.0 sen per unit in the year 2003, 2004 and 2005 respectively. As for HLG Dana Maa’rof that was introduced on March 25 2003, 2 rounds of cash distribution have been declared, with a gross cash distribution of 6.0 sen per unit and 3.0 sen per unit in 2004 and 2005 respectively.
HLG Dana Makmur is an Islamic equity fund that aims to achieve regular income and consistent capital growth over the medium-to-long term. As for HLG Dana Maa’rof, it is an Islamic balanced fund that strives to achieve regular income and meaningful medium-to-long term capital growth through a diversified investment portfolio containing a balanced mixture of equities and fixed income securities. The Islamic bond fund known as HLG Dana Munir intends to provide regular income to investors through investments in bonds and other debt securities. All 3 funds are invested in accordance with Syariah requirements.
Under the Golden Income Investment package, investors can opt to invest in any of the individual funds or diversify their investments across all 3 funds with a pre-determined asset allocation. Also, for investors who wish to invest in an Islamic fixed deposit, investors may do so by investing a minimum amount in the Islamic fixed deposit and together with either HLG Dana Maa’rof or HLG Dana Makmur.
To promote the campaign, HLG Unit Trust Bhd is organising a series of roadshows nationwide in Kuala Lumpur, Penang, Ipoh, Kuantan, Melaka, Johor Bahru, Kota Bahru and Kuching. In selected locations, it would also feature a market outlook segment by HLG Asset Management Sdn Bhd’s Executive Director / CEO, Mr Richard Lin. This event also aims to be a value-added information platform for customers and salespersons of HLG Unit Trust Bhd.
The Golden Income Investment package is exclusively available through Hong Leong Bank and Hong Leong Islamic Bank.
About the Funds
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 requirements. As at July 31 2005, the total fund size for HLG Dana Makmur is RM29,731,620 with 58,075,000 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 requirements. As at July 31 2005, HLG Dana Maa’rof’s total fund size is RM8,751,954 with 18,301,000 units in circulation.
HLG Dana Munir, which was unveiled on 25 March 2003, is an Islamic bond fund. This fund strives to provide regular income to investors through investments in bonds and other debt securities which are Syariah compliant, and at the same time aims to offer stability of the capital value with minimal risk. As at July 31 2005, HLG Dana Munir’s total fund size is RM15,282,884 with 30,887,000 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 July 31 2005, HLG Unit Trust Bhd manages 15 unit trust funds with a combined total fund size of RM 1.88 billion.
About Hong Leong Bank
Hong Leong Bank Berhad is one of the fastest growing banks in Malaysia with a network of more than 180 branches nationwide, and one bank branch in Singapore and Hong Kong respectively. Listed on the Malaysia Stock Exchange since 17th October 1994, Hong Leong Bank is a subsidiary of Hong Leong Credit Berhad, the financial services arm of Hong Leong Group Malaysia. The Hong Leong Financial Services group subsidiaries include Hong Leong Assurance Berhad and HLG Capital Berhad which offer a diversified range of life and general insurance, corporate advisory services, fund management, unit trusts, share financing, asset management, securities and stock broking services.
In reaching out to its customers, Hong Leong Bank Berhad continues to strive for service excellence in providing banking convenience.