CIMB-Principal launches Islamic Global Equity Fund
Malaysian retail and corporate investors an opportunity to tap into the growth prospects of global equities which are Shariah-compliant with the CIMB Islamic Global Equity Fund.
CIMB-Principal Asset Management Bhd said the fund — the latest addition to its suite of 20 Islamic funds – has a target fund size is RM300mil in assets under management within a year of the fund’s inception.
The objective of the fund is to achieve long-term capital appreciation and investors can access equities in numerous emerging and developed markets.
The fund may also invest up to 28% of the Fund’s NAV in Sukuk, Shariah-compliant money market instruments and Islamic deposits.
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