Kuala Lumpur: CIMB-Principal Asset Management Berhad (“CIMB-Principal”) today launched the CIMB-Principal China Recovery Structured Fund - that takes advantage of China’s road to economic recovery. The Fund aims to provide investors with regular income over the tenure of the Fund and may potentially provide higher returns than the current Fixed Deposit rate.

J. Campbell Tupling, Chief Executive Officer of CIMB-Principal, stated: “Sentiments in China are slowly improving with its USD585 billion stimulus plan. Positive developments are visible in major sectors encompassing infrastructure, housing, innovation, health and education that will enable China to charter a high growth potential.  Investors will then have the opportunity to capture the market exposure through this Fund. The Fund will receive potential annual dividend payments linked to the performance of China equities as represented by the Dynamic China Index. We will be able to select and lock-in the investments at the lowest investment entry point to enhance potential gains after a 6-month observation. The Fund’s structure and low investment cost will  appeal to investors looking for a regular income stream and prefer not to take much risks given the current global economic outlook.”

The 5-year close-ended Fund will invest at least 95% of the Fund’s Net Asset Value (NAV) into China Recovery Structured Product, while up to 5% of the remaining Fund’s NAV will be invested in liquid assets for liquidity purposes.

Tupling explained that the Fund rides on China’s economic recovery and comes with three key features. Firstly, the Fund offers capital protection if held to maturity. Secondly, it reduces investors’ dilemma of when to enter the market, where the Fund will automatically select the lowest monthly entry level based on the lowest entry point observed in the initial 6 months. Lastly, the Fund gives investors the option to lock-in and cash out annual profit to eliminate point risk at maturity.
 
“Investors can expect a better outlook for China this year as the consensus view is that China will be one of the first economies to recover. The CIMB-Principal China Recovery Structured Fund is open for investment for 45 days and closes on 3 June 2009,” Tupling added.

The CIMB-Principal China Recovery Structured Fund has an approved fund size of 300 million units, and an initial offer price of RM0.50 per unit. It is distributed by CIMB Bank, CIMB Private Banking, CIMB Investment Bank, and CIMB Wealth Advisors.

More details about this funds you can click here

Article Source : CIMB Wealth Advisors Website

Kuala Lumpur: CIMB-Principal Asset Management Berhad (“CIMB-Principal”) recently won the Best Malaysian Equity Fund award by Failaka Advisors. The 4^th Annual Failaka Islamic Fund Awards recognised the CIMB Islamic DALI Equity Growth Fund for the Best Malaysian Equity Fund (Three-Year) category based on its performance as at 31 December 2008.

Failaka Advisors is the recognised leader in Islamic fund research, offering institutions and private investors access to a wealth of information on Shariah-compliant investment funds. Established in 1996, Failaka was the first company to monitor the performance of Shariah-compliant funds worldwide. It has then expanded its products and services to include advisory services and an online database and guide for Shariah scholars.

J. Campbell Tupling, CEO of CIMB-Principal said: “It is a great honour for CIMB-Principal to receive this award. The Fund has outperformed its index over a 3-year period by 25.91%. The award goes to show that our fund has performed commendably with good capital preservation over the long term.”

To date, the Fund has proven to be suitable for investors with a medium to long term investment horizon and for those who want to invest in a diversified portfolio that adheres to the Islamic principles. Currently, the Fund is conservatively positioned with an equity allocation of 70%. In addition, the Fund has a bar-bell structure with a layer of defensives stocks which together make up 10% of the portfolio. At the same time, the Fund is also keyed into the current market themes, which is currently overweight in the Construction sector in anticipation of more pump-priming projects.

“We have proven ourselves worthy and trust that investors will continue to stay invested with us despite the challenging economic environment.” Tupling concluded

more info you can read here:-

1. News Straits Times
2. Berita Harian
3. Utusan Malaysia