Hong Leong AM declares RM602mil distributions for its funds

KUALA LUMPUR: Hong Leong Asset Management Bhd (Hong Leong AM) has declared income distributions amounting to RM602mil for its funds, over the period from Jan 1 to Dec 31, 2020.

Hong Leong AM CEO Hoo See Kheng said: “By remaining committed to a rigorous approach on our investment philosophy, our fund managers continue to deliver a consistent and sustainable distribution yield to our investors amidst the uncertain and volatile market conditions.

“Our outlook on the global economy in 2021 remains positive. With general consensus that the global GDP 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,” Hoe said in a statement.

A snapshot of the past 12 months’ distribution yields for some of Hong Leong AM’s equity, balanced and mixed asset fund stable:

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