HLG declares unit splits for funds

  • Business
  • Wednesday, 03 Sep 2003

HLG Unit Trust Bhd announced a unit split of 12% for HLG Penny Stock Fund and 6% for HLG Blue Chip Fund for all unitholders of the respective funds as at Aug 31, 2003. 

In a statement, it said as at Aug 25, 2003, the total fund size of HLG Penny Stock Fund was RM335mil with 2.98 billion units in circulation, while the total fund size of HLG Blue Chip Fund was RM99mil with 201.6 million units in circulation. 

Both the funds were launched on April 26, 1999. 

The company was confident that the equity market would perform much better in the near future and its equity fund would continue to outperform benchmarks, HLG Unit Trust chief executive officer and general manager Tye Su Leng said. – Bernama 

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