Hong Leong Asset Management Declares Income Distributions Of RM292 Million

Hong Leong Asset Management Bhd (Hong Leong AM) declared income distributions amounting to RM292 million for the period January 1, 2021 to July 31, 2021.

“By remaining committed to a disciplined approach to our investment philosophy and strategy, we aim to deliver a consistent and sustainable distribution return to our investors in an environment of persistent market uncertainty,” said Hoo See Kheng, his General manager.

Hong Leong AM is optimistic about a market recovery in the fourth quarter of the year and anticipates improving corporate profits as the economy reopens, following encouraging vaccination rates in the country.

The company also believes that its bottom-up stock selection strategy will be able to achieve its respective fund objectives, capital growth and distribution performance.

Here are the distribution returns for the 12-month period between August 2020 and July 2021 for some of the Hong Leong AM funds:

Fund name Conventional
Distribution efficiency
(%) *;
August 1, 2020 to
July 31, 2021;
One year
Retail funds
Hong Leong Value Fund Conventional 8.54
Hong Leong Asia-Pacific Dividend Fund Conventional 7.36
Hong Leong Growth Fund Conventional 7.76
Hong Leong Hong Kong Equity Optimizer Fund Conventional 8.30
Hong Leong Dividend Fund Conventional 7.66
Hong Leong Consumer Products Sector Fund Conventional 9.70
Hong Leong Balanced Fund Conventional 6.69
Hong Leong Dana Makmur Islamic 7.94
Hong Leong Dana Maa’rof Islamic 6.78
Wholesale funds
Hong Leong Global Multi-Strategy Fund ** Conventional 3.65

* Source: Lipper, as of July 31, 2021
** For sophisticated investors only

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