HLG announced unit splits for seven of her funds.
A split means that for every unit you previously hold, it will be split according to the announced split figure. However, there will be no increment in value to your Ringgit per se, since no real value has been added during a split exercise.
Of course, the only difference is that you now hold “more” of the same thing.
The Edgedaily.Com on the Split…
HLG Unit Trust has declared unit splits for seven of its selected equity, balanced and Islamic funds following their strong performance in the past half year.
In a statement on Feb 5, HLG Unit Trust said the funds were:
HLG Growth Fund (a unit split of 8 units for every 100 units held),
HLG Penny Stock Fund (15:100),
HLG Dividend Fund (6:100),
HLG Strategic Fund (18:100),
HLG Balanced Fund (6:100),
HLG Dana Makmur (9:100) and
HLG Dana Maa’rof (9:100).
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