Hello everybody,
GOOD NEWS : We are glad to inform that Securities Commission has approved the increase in the approved fund size for CIMB- Islamic DALI Equity Theme Fund.
The approved fund size for the Fund has been increased to 2.0 billion units, with effect from 5 August 2008.
For more info please contact me at norfazlina.termizi[at]dviana.com or 017 340 6898
Kuala Lumpur: Due to overwhelming demand, the CIMB-Principal MENA Equity Fund has increased its fund size again, by 225 million units to 675 million units. The MENA Equity Fund was launched by CIMB-Principal Asset Management Berhad in February this year with an initial fund size of 300 million units; this was raised to 450 million units in May 2008.
Datuk Noripah Kamso, Chief Executive of CIMB-Principal said: “The MENA region has been recording robust GDP growth and this is expected to continue in the coming years. The region’s average real GDP growth for 2008 is estimated at 6.4 per cent[1], significantly out-performing the developed markets. Markets in the MENA region generally remain lowly-correlated to markets in the rest of the world, thus offering opportunities for investment diversification.”
In an environment of high oil prices, investors continue to seek investments in the oil-rich countries of the Gulf Cooperation Council (GCC). Economic growth in these countries are now no longer solely driven by oil and come from diverse sectors such as banking, construction, telecommunication, logistics and transportation.
Kuala Lumpur: CIMB Group and the Principal Financial Group (PFG) today launched CIMB-Principal Islamic Asset Management Sdn Bhd, their signature global Islamic asset management company that will operate from Malaysia International Islamic Financial Centre (MIFC).
CIMB-Principal Islamic will offer total solutions and create value in Islamic asset management by combining CIMB Group’s leading knowledge and expertise in Islamic finance with PFG’s 129-year track record in a wide range of financial products and services, including global funds management and retirement services. PFG has global assets under management of over $300 billion currently.
The launch was witnessed by DYTM Raja Muda Perak Darul Ridzuan Raja Dr Nazrin Shah ibni Sultan Azlan Muhibbuddin Shah, Financial Ambassador for MIFC and YBhg Tan Sri Dato Sri Zeti Akhtar Aziz, Governor Bank Negara Malaysia. Also attending the launch were Tan Sri Dato’ Md Nor Md Yusoff, Chairman, CIMB Group, Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group and Larry Zimpleman, President and Chief Executive Officer of PFG.
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Salam,
Kepada anda yang ingin melabur di saham amanah, ada beberapa perkara yang perlu diingatkan.
Saham amanah bukanlah suatu pelaburan yang pasti mendatangkan keuntungan dalam masa kurang dari setahun. Walaupun ia boleh berlaku, tapi jangan over expected seperti apa yang berlaku dalam tahun lepas. Ada beberapa fund yang telah mendatangkan return yang ‘owesome’, sehingga 60% return. Bukan Public Mutual sajer..company yang lain pun performed well last year. Even higher than Public Mutual sendiri… Dan orang Melayu pun berpusu - pusu masuk sebab over excited bila tengoh return 60%. Dan apa yang terjadi adalah, mereka invest semasa harga saham berada di puncak ( dalam kes ni, harga unit tengah mahal )..lebih kurang June ke atas, ramai yang invest, berpuluh ribu…lump sum invesment…dan apa yang terjadi adalah pada masa sekarang..harga seunit RM 0.29 telah turun ke RM 0.24 sen..( contoh ) , RM 10 000 dah jadi RM 7 000 lebih sajer…dan akhirnya orang kata invest in unit trust rugi…penipu..dalam hal nih tak tau la nak salah kan siapa..mungkin salah agen yang tak explain…So aper nak kena buat? Read more »
Understanding asset allocation
Asset allocation is a diversification technique that aims to create an optimal portfolio of investments across asset classes for a given level of risk. The theory behind this is that every asset class has different correlation to its counterparts.
There is no perfect portfolio as risks and returns can not be known with certainty. However, diversification does reduce the volatility of a portfolio and allows for more consistent performance under a wide range of economic conditions. Read more »
The Securities Commission (SC) has approved three new licenses, namely to namely Kuwait Finance House, DBS Asset Management and CIMB-Principal Islamic Asset Management for the establishment of Islamic fund management companies (IFMCs) in Malaysia.
The establishment of the three new IFMCs follows the measures announced in Budget 2008 to strengthen Malaysias position as an international Islamic financial centre, the SC said in a statement.
The SC said it is also currently evaluating proposals from other leading fund management companies to establish Islamic fund management operations in Malaysia.
Its chairman Datuk Zarinah Anwar said the commission was pleased with the interest shown by international players to participate in Malaysias capital market.
This reflects the global recognition of Malaysias position as a centre of Islamic finance and enhances Malaysias opportunity to be a leading Islamic fund and wealth management hub, she added.
In granting the approval, the SC had considered, amongst others, the scope of operations that will be established by these companies in Malaysia, their fund management and banking experience, brand value, expertise and geographical presence, as well as compliance and risk management capabilities.
“The approval of these three companies will play a catalytic role in the internationalisation of our Islamic capital market,” said Zarinah.
Meanwhile, Datuk K. Salman Younis, Managing Director of Kuwait Finance House said the groups fund management activities in the region will be consolidated through this platform.
He said the group was excited by the growth prospects that the Malaysian capital market was offering.
He said Kuwait Finance House was also impressed with SC’s speed and efficiency in approving its licence.
The Chief Executive Officer of DBS Asset Management Ltd, Deborah Ho said: “We are pleased to leverage on our existing partnership with Hwang DBS (Malaysia) to set up a dedicated Islamic fund management company.”
The new entity will structure and distribute Islamic asset management products across Asia via synergies with DBS and DBS’ Islamic Bank of Asia, she said, adding that the group was now awaiting the necessary regulatory approvals from the Monetary Authority of Singapore to set it up.
Markets Equity Fund.
berlandaskan Shariah dengan kadar cairan yang tinggi dan aliran pendapatan yang mantap.
mempunyai rekod cemerlang dalam mengurus dana pasaran baru muncul global**.
* Principal Global Investors, 2008
** Pemenang Anugerah Prestasi Paling Baik Asia Asset Management 2007 untuk Prestasi 3 Tahun Pasaran Baru Muncul Global.
For more info please contact me at 017 3406898 or norfazlina.termizi [at] dviana.com
Kuala Lumpur: From today, all conventional unit trust funds of CIMB Wealth Advisors Berhad, save for the CIMB-Principal KLCI-Linked Fund, will be managed by CIMB-Principal Asset Management Berhad. Meanwhile, the Islamic funds of both CIMB-Principal and CIMB Wealth Advisors will be managed by CIMB-Principal Islamic Asset Management Sdn Bhd, also from today. These moves are in line with CIMB-Principal and CIMB Wealth Advisors’ efforts to streamline their business activities.
“With this rationalisation, CIMB-Principal will focus on manufacturing and managing conventional unit trust funds while CIMB Wealth Advisors will concentrate on distributing and packaging investment products,” explained Datuk Noripah Kamso, Chief Executive of CIMB-Principal.
Tan Beng Wah, CEO of CIMB Wealth Advisors Berhad said that a total of 16 conventional funds were transferred from CIMB Wealth Advisors to CIMB-Principal. “We will undertake the distribution of CIMB-Principal’s funds to retail investors, whilst continuing to manage the CIMB-Principal KLCI-Linked Fund,” he said. We believe this business model enables both CIMB-Principal and CIMB Wealth Advisors to extract synergies between investment management, product innovation and fund distribution. CIMB Wealth Advisors will continue to be a multi-financial services and product platform, serving the growing needs of our customers by offering unit trust funds, insurance and other investment and banking products,” he added.
CIMB Wealth Advisors now markets a comprehensive range of unit trust funds, totaling 95 funds, from 6 major fund management houses, including CIMB-Principal and CIMB-Principal Islamic. Incorporated in 1990, it has grown into one of the largest retail distribution arms in the unit trust industry with its dynamic sales force of over 6500 registered consultants and financial planners at 30 regional, branch and sales offices located throughout the country. CIMB Wealth Advisors is a subsidiary of CIMB-Principal.Kuala Lumpur: From today, all conventional unit trust funds of CIMB Wealth Advisors Berhad, save for the CIMB-Principal KLCI-Linked Fund, will be managed by CIMB-Principal Asset Management Berhad. Meanwhile, the Islamic funds of both CIMB-Principal and CIMB Wealth Advisors will be managed by CIMB-Principal Islamic Asset Management Sdn Bhd, also from today. These moves are in line with CIMB-Principal and CIMB Wealth Advisors’ efforts to streamline their business activities.
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For more info please contact me at 017 3406898 or norfazlina.termizi[at]dviana.com
Kuala Lumpur: The CIMB Islamic DALI Equity Theme Fund, launched by CIMB-Principal Asset Management Berhad in March 2008, has more than doubled its fund size due to overwhelming response. The Fund’s size has now been increased to 1.35 billion units from 900 million units. This is the second time the Fund has been increased from its initial size of 600 million units to 900 million units in May 2008.
According to Datuk Noripah Kamso, Chief Executive of CIMB-Principal, the encouraging response is proof that investors recognise the investment opportunities the Fund has to offer. “This Fund invests in Malaysia’s promising sectors, hence we were confident that it would be well-received by investors who seek to offset their investment volatility caused by other markets. It was structured in the best interest of the investors, as an option to re-route their eligible EPF contributions into this Fund,” she said.
The CIMB Islamic DALI Equity Theme Fund is a Shariah-compliant fund that invests in Malaysian companies that will benefit from prevailing global and domestic investment themes. The Fund invests in sustainable sectors that potentially give long-term, enhanced returns. These include the oil and gas sector, which is driven by global energy demand, the plantations sector, which enjoys escalating crude palm oil prices, and the construction sector, which is expected to benefit from development projects under the Ninth Malaysia Plan.