2 september 2008
Kuala Lumpur: Overwhelming demand for the CIMB Islamic DALI Equity Theme Fund and CIMB Islamic Money Market Fund has resulted in both funds increasing their fund sizes to 2 billion units and 150 million units respectively.
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This represents the third increase for the DALI Equity Theme Fund and the first increase for the Money Market Fund. The funds are managed by CIMB-Principal Islamic Asset Management Sdn Bhd and were launched earlier this year.
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Datuk Noripah Kamso, Chief Executive of CIMB-Principal Islamic said: "We are pleased to inform investors that additional units are now available for those who missed out on subscribing earlier. The encouraging response is proof that investors recognise the investment opportunities the Funds have to offer. I would like to thank our distributors for their support in making these Funds such huge successes."
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The DALI Equity Theme Fund is a Shariah-compliant fund that invests in Malaysian companies that will benefit from prevailing global and domestic investment themes, allowing investors to build a domestic portfolio as part of their core asset allocation strategy.
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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.
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The Fund invests up to 98% of its net asset value in Shariah-compliant equities listed on Bursa Malaysia. Meanwhile, the Money Market Fund invests in short-term Islamic money market instruments maturing in less than a year. As a tax-efficient alternative to traditional bank deposits, the fund seeks to provide potentially higher returns and allows investors to withdraw their cash anytime without penalty. The Islamic money market instruments include Islamic accepted bills, Islamic negotiable instruments of deposit, Islamic repurchase agreements (Repo-I) as well as other Islamic fixed income instruments and placements of Islamic deposits with licensed financial institutions.
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Datuk Noripah added, "The DALI Equity Theme Fund optimises Malaysia's resilience in the face of uncertainty in global markets and is suitable for investors willing to accept above-average to high-risk in their investments. The Money Market Fund is suited for those who wish to "˜park' their money temporarily whilst waiting for the next investment opportunity. This Fund also aims to provide stability by giving investors a potential steady stream of monthly income. "
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Call/SMS::Syamsul::019-6798639
KL & Selangor.
Kuala Lumpur: Overwhelming demand for the CIMB Islamic DALI Equity Theme Fund and CIMB Islamic Money Market Fund has resulted in both funds increasing their fund sizes to 2 billion units and 150 million units respectively.
>
This represents the third increase for the DALI Equity Theme Fund and the first increase for the Money Market Fund. The funds are managed by CIMB-Principal Islamic Asset Management Sdn Bhd and were launched earlier this year.
>
Datuk Noripah Kamso, Chief Executive of CIMB-Principal Islamic said: "We are pleased to inform investors that additional units are now available for those who missed out on subscribing earlier. The encouraging response is proof that investors recognise the investment opportunities the Funds have to offer. I would like to thank our distributors for their support in making these Funds such huge successes."
>
The DALI Equity Theme Fund is a Shariah-compliant fund that invests in Malaysian companies that will benefit from prevailing global and domestic investment themes, allowing investors to build a domestic portfolio as part of their core asset allocation strategy.
>
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.
>
The Fund invests up to 98% of its net asset value in Shariah-compliant equities listed on Bursa Malaysia. Meanwhile, the Money Market Fund invests in short-term Islamic money market instruments maturing in less than a year. As a tax-efficient alternative to traditional bank deposits, the fund seeks to provide potentially higher returns and allows investors to withdraw their cash anytime without penalty. The Islamic money market instruments include Islamic accepted bills, Islamic negotiable instruments of deposit, Islamic repurchase agreements (Repo-I) as well as other Islamic fixed income instruments and placements of Islamic deposits with licensed financial institutions.
>
Datuk Noripah added, "The DALI Equity Theme Fund optimises Malaysia's resilience in the face of uncertainty in global markets and is suitable for investors willing to accept above-average to high-risk in their investments. The Money Market Fund is suited for those who wish to "˜park' their money temporarily whilst waiting for the next investment opportunity. This Fund also aims to provide stability by giving investors a potential steady stream of monthly income. "
>
>
Call/SMS::Syamsul::019-6798639
KL & Selangor.
