Hong Leong Asset Management declares income distribution of RM602m

February 18, 2021 editor

KUALA LUMPUR (Feb 17): Hong Leong Asset Management Bhd (Hong Leong AM) has declared income distribution amounting to RM602 million for its funds for last year.

In a statement today, Hong Leong AM said the income distribution was for the period of Jan 1, 2020 to Dec 31, 2020.

Its chief executive officer (CEO) Hoo See Kheng said that by remaining committed to a rigorous approach on its investment philosophy, its fund managers continued to deliver a consistent and sustainable distribution yield to investors amid uncertain and volatile market conditions.

“Our outlook on the global economy in 2021 remains positive.

“With the general consensus that global GDP (gross domestic product) 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,” said Hoo.

Below is a snapshot of the past 12 months’ distribution yields for some of Hong Leong AM’s equity, balanced and 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