Kuala Lumpur: CIMB-Principal Asset Management Berhad (“CIMB-Principal”) has announced a 2:5 unit split for existing unit holders of the CIMB-Principal Global Titans Fund (“the Fund”) on 11 April 2017.
Since its inception in 2005, the CIMB-Principal Global Titans Fund has demonstrated a consistent, strong performance and a steady appreciation in value for its investors. As at 20 March 2017, The Fund has recorded a total return of 106.50% since inception, with an average return of 15.61% per annum. The fund size is MYR410.50 million.
With this first unit-split exercise for the Fund, investors will receive two new units for every five units held, whilst maintaining the value of total holdings before and after the split1.
CIMB-Principal Global Titans Fund won the Best Equity Global performance award for the three-year and five-year categories at The Edge-Thomson Reuters Lipper Malaysia Fund Awards 2017 for the third year in a row. It is an equity fund that invests in big-cap companies in the US, Europe and Japan, with a medium to long term growth outlook. The geographical asset allocation is done based on macroeconomic data, liquidity trends and the outlook for each particular region.
CIMB-Principal also recently declared distributions totalling RM114 million for 40 of its funds in Q1 2017. In addition,
CIMB-Principal has announced distributions for four more of its funds in April 2017:
|Funds||Distribution Date||Distribution (sen/unit)|
|CIMB Islamic Enhanced Sukuk Fund||21 April 2017||4.45|
|CIMB-Principal Global Titans Fund||25 April 2017||5.00|
|CIMB Islamic Sukuk Fund||26 April 2017||6.50|
|CIMB-Principal Total Return Bond Fund||27 April 2017||4.75|
CIMB-Principal has a total of 72 funds (including unit trust funds, wholesale funds and exchange-traded funds) and 10 private retirement funds. As at 31 December 2016, CIMB-Principal Group2 had a total of RM67.6 billion in assets under management.
CIMB-Principal was recently awarded Fund House of the Year in Malaysia by Asian Investor for its Asset Management Awards 2017, for the second consecutive year. This industry recognition reflects CIMB-Principal’s success in scaling up its investment capabilities while building up a solid track record and earning the trust of its clients over time. Earlier in the year, CIMB-Principal had also won The Edge-Thomson Reuters Lipper Malaysia Fund Awards 2017 for Best Equity Asia Pacific ex-Japan and Best Equity Asia Pacific ex-Japan (Islamic) for the 5 year categories.
With its strong fund management processes, on-the-ground knowledge, global network, track record and expertise, CIMB-Principal has consistently performed to meet investors’ expectations in line with its aspiration to be a leading asset manager in unit trusts and retirement solutions.
1According to the Securities Commission Malaysia’s Guidelines on Unit Trust Funds, a unit split can only be exercised should the fund’s average Net Asset Value (NAV) be on a sustainable appreciation over a six-month period preceding the unit split exercise.
2The AUM was contributed by CIMB-Principal Malaysia and its regional offices (Singapore, Thailand, Indonesia) and CIMB-Principal Islamic.