Investors in Hong Leong Asset Management to get RM270mil

Investors in Hong Leong Asset Management to get RM270mil

Income derived through bottom-up stock picking strategy, says CEO.

Hong Leong Asset Management will continue to focus on long-term prospects and fundamentals to deliver growth in the second half of 2022, says CEO Hoo See Kheng.
KUALA LUMPUR:
Investors in Hong Leong Asset Management Bhd’s (Hong Leong AM) 21 funds are in for a windfall.

A total of RM270 million will be distributed among investors as income for the period from Jan 1 to July 31, 2022.

Its CEO Hoo See Kheng said the company’s time-tested bottom-up stock picking strategy has allowed it to stand by its commitment to deliver strong risk-adjusted returns and sustainable distribution yield to investors.

“As we move into the second half of 2022, Hong Leong Asset Management will continue to apply appropriate investment strategies and maintain focus on long-term prospects and company fundamentals with the aim to deliver potential growth,” he said.

The funds are distributed through Hong Leong Asset Management’s offices and Hong Leong Bank Bhd’s branches nationwide, while selected funds are also distributed digitally via HL iSmart Invest.

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