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CIMB-Principal Islamic to launch 3 equity funds

Posted on 07 September 2011

CIMB-Principal Islamic Asset Management Sdn Bhd (CIMB-Principal Islamic) is planning to launch three equity funds by year-end which will be distributed globally. The new funds will comply with European Union Undertakings for Collective Investments in Transferable Securities (UCITS) and the approvals are expected soon.
CIMB-Principal Islamic chief executive Datuk Noripah Kamso said fund managers now prefer to seek the UCITS stamp for their funds to easily reach and appeal to more international investors……………………………………….Full Article: Source

 
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