Kuala Lumpur: CIMB-Principal Asset Management Berhad (“CIMB-Principal”) today won the Best Overall Fund Group Award at the prestigious industry wide event, The Edge-Lipper Malaysia Fund Award 2012, thanks to the consistent out-performance of its funds. This win cements CIMB-Principal’s position as the premier fund provider.
“We are proud to be accorded this award that recognise, as well as validate our consistent funds’ performance. We, at CIMB-Principal are focused on harnessing top-billing performance to provide utmost value to our investors, supported by good portfolio risk management practices and continuous diligent risk oversight by our Investment Committee,” said Campbell Tupling, Chief Executive Officer, CIMB-Principal at the awards ceremony.
Elaborating on the company’s strategic plans for Malaysia and its regional franchise, Tupling said, “In line with our vision to be ASEAN’s most valued investment manager offering total asset management solutions, we will continue to develop products and expertise as a regional house, strengthening our retail and institutional business growth not just in our four core markets, but across ASEAN.” CIMB-Principal currently has presence in Malaysia, Indonesia, Singapore and Thailand, with strong on-ground presence to meet individual markets’ rising demand and maturity.
In addition to the Best Overall Fund Group Award, CIMB-Principal also swept additional awards at the ceremony. As of 31 December 2011, CIMB-Principal’s total assets under management (AUM) stood at RM28.3 billion. It has a total of 54 unit trust funds (21 are Shariah-compliant), 6 wholesale funds and 2 Exchange-Traded Funds (ETFs). CIMB-Principal is also one of the largest institutional money managers in Malaysia.