Financial Calculators
Kuala Lumpur: CIMB-Principal Asset Management Berhad (“CIMB-Principal”) had a good start to the year by sweeping two industry awards at the recent The Edge-Lipper Awards 2010 and a further two regional awards at the Asia Asset Management Best of the Best Awards 2009.
Campbell Tupling, Chief Executive of CIMB-Principal said, “We are pleased with these awards, which recognise our performance domestically and regionally. CIMB-Principal is one of the most trusted names in the industry – a trust earned through consistent investment performance, credited to an experienced in-house research team. This, combined with our strong fund management processes tested over high and low market cycles enable us to achieve investors’ expectations.”
At The Edge-Lipper Malaysia Fund Awards 2010, CIMB-Principal’s CIMB Islamic DALI Equity Growth Fund was awarded the best equity Malaysia–Islamic fund over three years while CIMB Islamic DALI Equity Fund was awarded the best equity Malaysia–Islamic fund over five years, based on the Lipper Leader ratings.
Commenting on the consistently high performance of the funds, Raymond Tang, Chief Investment Officer, CIMB-Principal stated, “The investment team controlled risk levels and managed volatility to suit forward market conditions. We look at more than just stock picking.”
Meanwhile, on the regional front at the Asia Asset Management Best of the Best Awards 2009, CIMB-Principal won the Best Institutional House (Malaysia) Award and Campbell Tupling was awarded the CEO of the Year (Malaysia) award. The Best Institutional House award takes into account, among others, CIMB-Principal’s market share, diversified client base and new institutional investment capabilities as part of the criteria; while the CEO of the Year (Malaysia) award recognises Tupling’s overall achievements, particularly his leadership in CIMB-Principal over a two-year period.
CIMB-Principal currently manages 69 funds, with assets under management of RM22.1 billion as of 31 December 2009, an increase of over 30% for the period ending 31 December 2008.
Read article below which appeared in a major daily:
» Top