Kuala Lumpur: CIMB-Principal Asset Management Berhad ("CIMB-Principal") today declared distributions for nine of its unit trust funds. The Funds are paying out a total of RM31.6 million in income distributions for the financial year ended 31 December 2010, amid the market�s unstable pattern throughout the year.
Total gross distributions declared in December 2010 are as follows:
Gross Distribution / Unit (sen)
Cumulative Performance (%) 1 Year
|CIMB-Principal Strategic Bond Fund |
|CIMB-Principal Bond Fund |
|CIMB Islamic Money Market Fund* |
|CIMB-Principal Money Market Income Fund |
|CIMB-Principal Deposit Fund* |
|CIMB Islamic Deposit Fund* |
|Mixed Assets Funds|
|CIMB Islamic Balanced Growth Fund|
|CIMB-Principal Income Plus Balanced Fund |
Note: All funds' financial-year-end (FYE) are calculated as at 30 December 2010, except for funds marked ( * ) – CIMB Islamic Money Market Fund, CIMB-Principal Deposit Fund and CIMB Islamic Deposit Fund with FYE 30 November 2010, 31 August 2010 and 31 January 2011 respectively.
Campbell Tupling, Chief Executive of CIMB-Principal, said: "In less than two years, the market has fully recovered from its low in March 2009 that was brought on by the global crisis. This is quite remarkable, considering that predictions about the rate of recovery at that time were quite dire. Investors who stay invested and continue to invest through the downturn were rewarded with very good returns."
As at 1 January 2011 (for 1-year performance), CIMB-Principal Strategic Bond Fund is ranked 1st in the Lipper league table in the fixed income category. The fund gave a gross distribution of 5.51 sen per unit, or a distribution yield of 5.03%.
A number of CIMB-Principal funds listed in the 1st Quartile of the Lipper rankings (1-year performance) in their respective categories as at 31 December 2010 have also declared income distribution for the period, namely CIMB-Principal Money Market Income Fund which declared gross distribution of 0.30 sen per unit or a distribution yield of 1.20%; CIMB Islamic Balanced Growth Fund which declared a gross distribution of 2.04 sen per unit or a distribution yield of 3.89%; and CIMB-Principal Balanced Fund which invests in a diversified mix of Malaysian assets, declared a gross distribution of 2.55 sen per unit or a distribution yield of 6.44%.
Meanwhile, CIMB Islamic Money Market Fund, which is�ranked in the 1st Quartile as at 30 November 2010 (1-year performance), declared a gross distribution of 0.12 sen per unit. This fund aims to provide investors with liquidity and regular income, while maintaining capital stability by investing primarily in money market instruments that conform with Shariah principles.
In addition, CIMB-Principal Bond Fund declared a gross distribution of 3.76 sen per unit or a distribution yield of 3.22%, CIMB Islamic Deposit Fund declared a gross income distribution of 0.17 sen per unit, CIMB-Principal Deposit Fund declared a gross distribution of 0.20 sen per unit, while CIMB-Principal Income Plus Balanced Fund sees its unit holders receiving a gross distribution of 1.01 sen per unit, or a distribution yield of 3.33%.�
"We hope that with the experience of the Asian financial crisis and this most recent global financial crisis, investors have observed that markets do bounce back and its speed of recovery is not easy to predict. This year we are looking at Asia's strong growth drivers to continue to accelerate rapid economic growth, thus developing upside potential for better investment opportunities," Tupling added.
CIMB-Principal has a total 66 funds to date, which include 23 Shariah-compliant unit trust funds, six wholesale funds and two exchange-traded funds (ETFs). The company is one of the largest institutional money managers in the country and its assets under management (AUM) stood at RM29.60 billion as at 31 December 2010, an increase of 30% from last year�s AUM of RM22.8 billion.