KUALA LUMPUR: Hong Leong Asset Management Bhd (Hong Leong AM) has declared income distributions of RM428 million for 20 funds for the 12-month period ended Dec 31, 2021.

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

       Meanwhile, the Islamic-HL Dana Makmur and HL Dana Maa'rof funds a saw distribution yield of 6.51 per cent and 5.49 per cent, respectively, he said in a statement today.

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

       '’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. - Bernama