KUALA LUMPUR: Hong Leong Asset Management Bhd (Hong Leong AM) has declared income distributions of RM428mil for 20 funds for the 12-month period ended Dec 31, 2021, Bernama reported.

       Chief executive officer Hoo See Kheng said the conventional-HL Value Fund generated a distribution yield of 7.03%, HL Asia-Pacific Dividend Fund (6.98%), HL Growth Fund (7.06%) and HL Consumer Products Sector Fund (9.27%).

       Meanwhile, the Islamic-HL Dana Makmur and HL Dana Maa’rof funds a saw distribution yield of 6.51% and 5.49% respectively, he said in a statement yesterday.

       The Wholesale-Hong Leong Global Multi Strategies Fund yielded a distribution of 4.73%.

       “Our investment philosophy has continued to serve us well and enabled our fund managers to deliver another year of sustainable distribution yield to our unit holders,’’ Hoo added.