{"id":49667,"date":"2021-09-15T16:55:55","date_gmt":"2021-09-15T08:55:55","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=49667"},"modified":"2021-09-15T16:55:55","modified_gmt":"2021-09-15T08:55:55","slug":"hong-leong-asset-management-declares-income-distributions-of-rm292-million","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/hong-leong-asset-management-declares-income-distributions-of-rm292-million","title":{"rendered":"Hong Leong Asset Management Declares Income Distributions Of RM292 Million"},"content":{"rendered":"

Hong Leong Asset Management Bhd (Hong Leong AM) has declared income distributions amounting to RM292 million for the period of January 1, 2021 to July 31, 2021.<\/p>\n

\u201cBy staying committed to a rigorous approach on our investment philosophy and strategy, we aim to deliver a consistent and sustainable distribution yield to our investors amid the ongoing uncertainty in the market,\u201d said Hoo See Kheng, it’s chief executive officer.<\/p>\n

Hong Leong AM is optimistic about a market recovery in the fourth quarter of the year, and is anticipating an improvement of corporate earnings with the reopening of the economy, following encouraging vaccination rates<\/a> in the country.<\/p>\n

The firm also believes that its bottom-up stock picking strategy will be able to achieve its funds’\u00a0respective objectives, capital growth and distribution yield.<\/p>\n

Here are the distribution yields for the 12-month period between August 2020 and July 2021 for some of Hong Leong AM\u2019s funds:
\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Fund Name<\/strong><\/th>Conventional
\n\/Islamic<\/strong><\/th>		Distribution Yield<\/strong>
\n(%)*;<\/strong>
\n1 Aug 2020 to <\/strong>
\n31 July 2021<\/strong>;
\nOne-Year <\/strong><\/th>\n<\/tr>\n<\/thead>\n
Retail Fund<\/em><\/strong><\/td>\n<\/tr>\n
Hong Leong Value Fund<\/td>Conventional<\/td>8.54<\/td>\n<\/tr>\n
Hong Leong Asia-Pacific Dividend Fund<\/td>Conventional<\/td>7.36<\/td>\n<\/tr>\n
Hong Leong Growth Fund<\/td>Conventional<\/td>7.76<\/td>\n<\/tr>\n
Hong Leong Hong Kong Equity Optimizer Fund<\/td>Conventional<\/td>8.30<\/td>\n<\/tr>\n
Hong Leong Dividend Fund<\/td>Conventional<\/td>7.66<\/td>\n<\/tr>\n
Hong Leong Consumer Products Sector Fund<\/td>Conventional<\/td>9.70<\/td>\n<\/tr>\n
Hong Leong Balanced Fund<\/td>Conventional<\/td>6.69<\/td>\n<\/tr>\n
Hong Leong Dana Makmur<\/td>Islamic<\/td>7.94<\/td>\n<\/tr>\n
Hong Leong Dana Maa'rof<\/td>Islamic<\/td>6.78<\/td>\n<\/tr>\n
Wholesale Fund<\/em><\/strong><\/td>\n<\/tr>\n
Hong Leong Global Multi Strategies Fund**<\/td>Conventional<\/td>3.65<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n*Source: Lipper, as at 31 July 2021
\n**For sophisticated investors only <\/i><\/span>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

The asset management firm is optimistic about a market recovery in the fourth quarter of the year.<\/p>\n","protected":false},"author":1,"featured_media":49679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[861,862,664],"class_list":["post-49667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","tag-hlam","tag-hong-leong-asset-management","tag-unit-trusts"],"acf":[],"yoast_head":"\nHong Leong Asset Management Declares Income Distributions Of RM292 Million<\/title>\n<meta name=\"description\" content=\"Hong Leong AM is optimistic about a market recovery in the fourth quarter of the year, and is anticipating an improvement of corporate earnings with the reopening of the economy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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