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.