CIMB Islamic DALI Equity Theme Fund Doubles Fund Size

19 June 2008

Kuala Lumpur: The CIMB Islamic DALI Equity Theme Fund, launched by CIMB-Principal Asset Management Berhad in March 2008, has more than doubled its fund size due to overwhelming response. The Fund’s size has now been increased to 1.35 billion units from 900 million units. This is the second time the Fund has been increased from its initial size of 600 million units to 900 million units in May 2008.

According to Datuk Noripah Kamso, Chief Executive of CIMB-Principal, the encouraging response is proof that investors recognise the investment opportunities the Fund has to offer. “This Fund invests in Malaysia’s promising sectors, hence we were confident that it would be well-received by investors who seek to offset their investment volatility caused by other markets. It was structured in the best interest of the investors, as an option to re-route their eligible EPF contributions into this Fund,” she said.

The CIMB Islamic DALI Equity Theme Fund is a Shariah-compliant fund that invests in Malaysian companies that will benefit from prevailing global and domestic investment themes. The Fund invests in sustainable sectors that potentially give long-term, enhanced returns. These include the oil and gas sector, which is driven by global energy demand, the plantations sector, which enjoys escalating crude palm oil prices, and the construction sector, which is expected to benefit from development projects under the Ninth Malaysia Plan.

According to Tan Beng Wah, Chief Executive Officer of CIMB Wealth Advisors, the Fund gives investors the opportunity to build a portfolio comprising specific sectors of domestic equities as part of their core asset allocation strategy. He said: “We are happy to inform investors that additional units are now available for those who have yet to take advantage of this investment opportunity and also for our investors who want to increase their exposure to this opportunity.”

The CIMB Islamic DALI Equity Theme Fund seeks to provide investors with medium to long term capital appreciation by investing in Malaysian securities according to prevailing investment themes. The Fund will invest up to 98% of its Net Asset Value in Shariah-compliant equities listed on Bursa Malaysia.