Hong Leong Asset Management Bhd (Hong Leong AM) has announced the launch of Hong Leong Dana Dividen, a Shariah-compliant equity income and growth fund designed to offer investors opportunities for both capital growth and regular income distribution.
Chue Kwok Yan, Chief Executive Officer of Hong Leong Asset Management, said, “With the launch of this new fund, we’re pleased to provide investors with a product aligned with their values, while offering potential for regular income and long-term capital growth.
By focusing on companies that uphold Shariah principles and adhere to ethical business practices, the Fund aims to deliver both financial and socially responsible benefits.”
He added, “Our commitment is to support investors in achieving their financial objectives by providing access to a diversified portfolio of Shariah-compliant equities and equity-related securities, with an emphasis on companies with good dividend policies or potential for higher dividends. This approach enables investors to potentially grow their capital while benefiting from a steady income stream.”
Noor Aini Binte Shaik Awab, Chief Executive Officer of Hong Leong Islamic Asset Management Sdn Bhd (Hong Leong Islamic AM), stated, “As the external fund manager for Hong Leong Dana Dividen, our priority is to identify well-managed, Shariah-compliant companies with solid growth potential.
“Our disciplined approach to Shariah-compliant portfolios seeks quality investments that align with the Fund’s goals. By selecting companies with strong fundamentals and ethical practices, we aim to deliver competitive returns alongside long-term sustainability.”
The Fund’s diversified portfolio spreads risk across sectors and assets, enhancing the potential for stable profitability over time. “Our commitment is to provide a balanced, principled investment strategy that supports financial goals while maintaining ethical integrity,” she added.
Hong Leong Islamic AM serves as the appointed external fund manager for the Fund. Distributed through Hong Leong AM offices and agency force nationwide, the Fund is priced at RM0.5000 per unit during the initial offer period (IOP) until 1 December 2024.
The minimum initial investment is RM1,000, and the minimum additional investment amount is RM100. It is also available via the Hong Leong AM online portal – HL iSmart Invest.
To learn more about Hong Leong Dana Dividen, visit here.
