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09 April 2017

CIMB-Principal Declares Unit Split for award-winning CIMB-Principal Global Titans Fund and RM114 Million Distribution for 40 Funds in Q1 2017

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 split [1].

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 Group [2] had a total of RM67.6 billion in assets under management.

CIMB-Principal was recently awarded Fund House of the Year in Malaysia by AsianInvestor 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.

To find out more about CIMB-Principal and its funds, please log on to www.cimb-principal.com.my or call 603-7718 3100.

 

[1] According 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.

[2] The AUM was contributed by CIMB-Principal Malaysia and its regional offices (Singapore, Thailand, Indonesia) and  CIMB-Principal Islamic.