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 |
*formerly known as Hong Leong Penny Stock Fund
Source: Lipper, as at 31 December 2020