Hong Leong Asset Management declares income distributions of RM292 million for its funds

By TMR

Hong Leong Asset Management Bhd has declared income distributions amounting to RM292 million, for the period beginning 1 January 2021 to 31 July 2021.

In a statement today Hong Loong AM said it is optimistic about a market recovery in 4Q2021 and is anticipating an improvement of corporate earnings with the reopening of the economy.

“We are pleased to announce a distribution payout of over RM292 million to our investors. By 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,” said Hong Leong AM’s CEO, Hoo See Kheng.

He added that its bottom-up stock picking strategy would be able to achieve the funds’ respective objectives, capital growth and distribution yield.