KUALA LUMPUR (March 1): CIMB-Principal Asset Management Bhd saw a 7.6% year-on-year rise in its asset under management (AUM) at RM67.6 billion in 2106. The funds include CIMB Islamic Balanced Growth Fund, CIMB-Principal Income Plus Balanced Fund, CIMB-Principal Strategic Bond Fund, CIMB-Principal Bond Fund, CIMB-Principal Balanced Fund and CIMB Islamic Equity Aggressive Fund. CIMB-Principal Global Titans Fund won The Edge Thomson Reuters Lipper Malaysia Fund Awards 2017 for 'Best Equity Global performance award’ for the third time. CIMB-Principal Global Titans Fund is an equity fund that invests in big-cap companies in the US, Europe and Japan, with a medium to long-term growth outlook. To date, CIMB-Principal, an asset manager and PRS provider, has 63 unit trust funds (19 are Shariah-compliant), 19 wholesale funds, 10 PRS funds and two exchange-traded funds (ETFs).

Source: The Edge Markets March 01, 2017 08:48 UTC