KUALA LUMPUR: Hong Leong Asset Management Bhd announce a gross cash distribution of 3.5 sen per unit for the Hong Leong Growth Fund, 0.6 sen per unit for the Hong Leong Penny Stock Fund and 3.5 sen per unit for the Hong Leong Blue Chip Fund.
The asset manager said on Monday, Oct 4, the distribution was for the respective unit holders as at Sept 30.
Hong Leong Asset Management chief executive officer / executive director Geoffrey Ng said he was very proud of the achievements of its funds, for which it had received favourable response from investors since inception.
'We hope that the cash distribution for Hong Leong Growth Fund, Hong Leong Penny Stock Fund and Hong Leong Blue Chip Fund will benefit our investors. We strive to better serve our investors by aiming to consistently outperform benchmarks of our funds,' said Ng.
Launched in Sept 8, 1995, Hong Leong Growth Fund is an equity growth fund which seeks to provide investors with an opportunity to earn attractive capital gains and income at an acceptable risk on a medium to long term basis by investing in companies which have strong cash flows and balance sheets and the potential for earnings growth.
As at Sept 30, 2010, Hong Leong Growth Fund' total fund size was RM185.87 million with 258.62 million units in circulation.
Hong Leong Penny Stock Fund, which is primarily an equity fund, was launched on April 26, 1999.'' The fund seeks to achieve large percentage capital gains by investing in well-managed and financially stable companies in which the stocks are selling at prices close to or at deep discounts to their net tangible asset values or at reasonable valuations. As at Sept 30, the total fund size for Hong Leong Penny Stock Fund is RM 111.03 million with 954.10 million units in circulation.
Hong Leong Blue Chip Fund was launched on April 26, 1999. The objective of Hong Leong Blue Chip Fund is to achieve capital gains through investments in well-capitalised (market capitalisation of above RM300 million) and financially sound 'blue chip' stocks over the medium to long term period. As at 30 September 2010, the total fund size of Hong Leong Blue Chip Fund is RM 29.47 million with 65.52 million units in circulation.
As at 30 September 2010, Hong Leong Asset Management Bhd has a total assets under management of RM 3.42 billion.
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The asset manager said on Monday, Oct 4, the distribution was for the respective unit holders as at Sept 30.
Hong Leong Asset Management chief executive officer / executive director Geoffrey Ng said he was very proud of the achievements of its funds, for which it had received favourable response from investors since inception.
'We hope that the cash distribution for Hong Leong Growth Fund, Hong Leong Penny Stock Fund and Hong Leong Blue Chip Fund will benefit our investors. We strive to better serve our investors by aiming to consistently outperform benchmarks of our funds,' said Ng.
Launched in Sept 8, 1995, Hong Leong Growth Fund is an equity growth fund which seeks to provide investors with an opportunity to earn attractive capital gains and income at an acceptable risk on a medium to long term basis by investing in companies which have strong cash flows and balance sheets and the potential for earnings growth.
As at Sept 30, 2010, Hong Leong Growth Fund' total fund size was RM185.87 million with 258.62 million units in circulation.
Hong Leong Penny Stock Fund, which is primarily an equity fund, was launched on April 26, 1999.'' The fund seeks to achieve large percentage capital gains by investing in well-managed and financially stable companies in which the stocks are selling at prices close to or at deep discounts to their net tangible asset values or at reasonable valuations. As at Sept 30, the total fund size for Hong Leong Penny Stock Fund is RM 111.03 million with 954.10 million units in circulation.
Hong Leong Blue Chip Fund was launched on April 26, 1999. The objective of Hong Leong Blue Chip Fund is to achieve capital gains through investments in well-capitalised (market capitalisation of above RM300 million) and financially sound 'blue chip' stocks over the medium to long term period. As at 30 September 2010, the total fund size of Hong Leong Blue Chip Fund is RM 29.47 million with 65.52 million units in circulation.
As at 30 September 2010, Hong Leong Asset Management Bhd has a total assets under management of RM 3.42 billion.
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