Hong Leong AM declares RM335mil income distributions for 18 funds

Hong Leong Asset Management Bhd CEO Hoo See Kheng

KUALA LUMPUR: Hong Leong Asset Management Bhd (Hong Leong AM) has declared income distribution amounting to RM335mil for 18 funds, for the period commencing Jan 1 to July 31, 2023.

“We are pleased to declare a distribution pay-out of RM335mil to our investors despite the challenging external economic environment. While market volatility is expected to persist due to the uncertain outcomes of the various macro events happening around the world at the moment, Hong Leong AM will continue our aim to deliver sustainable distribution yields to our investors through time-tested investment strategies guided by our investment philosophies,” executive director and chief executive officer Hoo See Kheng said in a statement.

Below is a snapshot of the annualised distribution yields for the 7-month period ending July 31 for some of Hong Leong AM’s equity and balanced funds:

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