Wednesday, November 3, 2010

Cash distribution of 3.5c per unit for Hong Leong Strategic Fund

KUALA LUMPUR: Hong Leong Asset Management Bhd announced a gross cash distribution of 3.5 cents per unit for Hong Leong Strategic Fund to its unitholders as at Oct 29.

Its chief executive officer and executive director Geoffrey Ng said on Tuesday, Nov 2 he was very proud of the accomplishment of the Hong Leong Strategic Fund and was confident its investors would continue to reap the benefits from the fund's performance.

The fund, which was launched on March 8, 2005, is an equity fund and its objective is to provide investors with an investment that strives for stable returns, as well as consistency in performance and income.

As at Oct 29, the Hong Leong Strategic Fund size is RM125.88 million with 252.38 million units in circulation.


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