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:
August 1, 2020 to
July 31, 2021;
|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|
|Hong Leong Global Multi-Strategy Fund **||Conventional||3.65|
* Source: Lipper, as of July 31, 2021
** For sophisticated investors only
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