Hong Leong AM declares RM373mil income distributions for 22 funds

Hong Leong Asset Management Bhd CEO Hoo See Kheng

KUALA LUMPUR: Hong Leong Asset Management Bhd (Hong Leong AM) has declared income distributions amounting to RM373mil for 22 funds, for the period from Jan 1, 2022 to Dec 31, 2022.

“Despite concerns of global inflation and market volatilities, we have upheld our commitment to deliver sustainable distribution yield to our investors.

“Moving into 2023, we are optimistic that we will see broad-based recovery and growth this year, driven by sustained investor confidence and market stabilisation,” executive director/chief executive officer Hoo See Kheng said in a statement.

Below is a snapshot of the distribution yields for the financial year ended Dec 31 for some of Hong Leong AM’s equity, balanced and mixed asset funds:

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