Kuala Lumpur, Feb 2 \u2013 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.<\/p>\n
CIMB-Principal chief executive officer Munirah Khariuddin says, \u201cPreferred securities potentially offer attractive yields, especially in an environment with low interest rates and heightened volatility.\u201d<\/p>\n
CIMB-Principal expects a RM300 million subscription of the fund this year whilst the PGIPF is expected to perform above its benchmark.\u00a0<\/p>\n
The Fund has a minimum initial investment of RM5,000 for investments in Ringgit (with minimum additional investment of RM2,000) and USD5,000 for investments in USD (with minimum additional investment of USD2,000).<\/p>\n
To date, CIMB-Principal has a total of 63 unit trust funds (of which 19 are Shariah-compliant), 19 wholesale funds, 10 Private Retirement Scheme (PRS) funds and two exchange-traded funds (ETFs).\u00a0<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Kuala Lumpur, Feb 2 \u2013 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-83","post","type-post","status-publish","format-standard","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/83","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=83"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/83\/revisions"}],"predecessor-version":[{"id":6428,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/83\/revisions\/6428"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=83"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=83"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=83"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}