Financial Calculators
CIMB-Principal Asset Management Berhad (“CIMB-Principal”) has won the AsianInvestor 2007 Achievement Award for Malaysia Fund House of the Year.
Chief Executive Noripah Kamso stated, “Receiving the Malaysia Fund House of the Year award for the second consecutive time is welcome affirmation of CIMB-Principal’s ability to integrate employees’ talents, resulting in the introduction of innovative products and improved fund performance. Improving fund performance is reflected in year-to-date returns of 25-31% for our equity funds, compared to the KLCI performance of 24 per cent1. All our Shariah equity growth funds have ranked in either the 1st and 2nd Quartiles for the last 1 year period2.”
The Malaysia Fund House of the Year award is determined on the basis of the following areas: product innovation & investor service standards, raising industry standards & practices, risk-adjusted fund performance, accumulation and retention of assets, and investment team expertise.
According to Noripah, “CIMB-Principal has made solid strides in expanding our regional business, servicing clients in Brunei, Singapore and Indonesia. We have recently commenced fund management services in Singapore with CIMB-Principal Asset Management (S) Pte. Ltd.”
Naveet Singh of AsianInvestor commented: “We are pleased to recognise CIMB-Principal Asset Management as Malaysia Fund House of the Year 2007 for the second time running, given the company’s stellar accomplishments in 2006.” AsianInvestor, based in Hong Kong, is the leading publication dedicated to the region’s asset management industry. Published 10 times a year, it covers topics as diverse as alternative investments, securities services, pension reform, risk management, mutual funds, institutional investment trends and regulation across the region, including Japan. It was launched in 2000 by FinanceAsia, the leading financial publishing company in Asia.
According to Noripah, “All things remaining equal, investors should continue to remain invested in our equity funds given the strong local fundamentals underpinning the local stockmarket. Earning expectations are better than expected with companies consistently surprising with their corporate results. The Ninth Malaysia Plan will continue to be a significant factor for the construction and property sectors, while firm CPO prices will benefit the earnings of plantation companies. We expect the banking sector to be a proxy for the Ninth Malaysian Plan and for strong property demand.
“Any volatility to the market is expected to originate from external factors, which may include the slowing US economy and overheating of the Chinese economy,” she added.
1 Source: CIMB-Principal Asset Management as at 4 May.
2 Source: Lipper Hindsight at 4 May.
About CIMB-Principal Asset Management Berhad
CIMB-Principal Asset Management is a premier, Malaysia-based asset management company. CIMB-Principal’s team of dedicated investment professionals offers expertise in equities, fixed income, cash, and Shariah compliant fund management. One of the largest asset management companies in Malaysia, CIMB-Principal manufactures and distributes a comprehensive range of unit trust funds, and manages customized portfolio mandates for corporations and institutions. CIMB-Principal is jointly owned 60% by CIMB Group Sdn Bhd and 40% by the Principal Financial Group (USA). For more information, visit www.cimb-principal.com.my.
Read articles below which appeared in major dailies:
» Top