Kuala Lumpur, Feb 2 – In an effort to achieve potential income and capital appreciation, CIMB-Principal Asset Management Bhd is launching the CIMB-Principal Preferred Securities Fund by investing in Principal Global Investors-Preferred Securities Fund (PGIPF) over the medium to long-term. PGIPF is a Dublin-based UCITS fund that invests primarily in a portfolio of USD-denominated preferred securities and debt securities.
Hong Leong Asset Management Bhd (HLAM) announced income distributions amounting to RM58 million in January 2017 for a total of 11 funds under management. In view of the encouraging performance for the funds, HLAM has declared distributions for 11 of its funds, in varying frequencies:
Malaysians are planning to spend nine per cent more this year on Lunar New Year festivities, according to the annual United Overseas Bank (Malaysia) Bhd (UOB Malaysia) Lunar New Year Survey.
Of their average Lunar New Year budget of RM4,201 (up from RM3,846 in 2016), respondents said they will allocate RM1,008 to food, an increase of 14 per cent over last year. This is despite the higher cost of food this year. Forty-three per cent of this amount will go towards celebrating a traditional reunion dinner with loved ones.