TheEdge
KUALA LUMPUR: CIMB Wealth Advisors Bhd has declared a gross income distribution of 8 sen per unit for holders of its SBB Equity Income Fund (EIF).
In a statement on Dec 7, the gross income distribution was declared to be at 5.58% of the SBB EIF net asset value per unit as at Nov 20, 2007.
CIMB Wealth Advisors chief executive officer Tan Beng Wah said: “EIF has performed well this year. Bloomberg data shows that as at October 2007, the fund has gained almost 41% since the year began.”
“This was largely due to the fund managers’ ability to pick the right stocks. In addition, the fund has also benefited from exposure in the regional markets,” said Tan.
Launched in October 2003, EIF aims to provide investors with a consistent and stable income by investing in a diversified portfolio of dividend-yielding equities and fixed income securities.
It also provides moderate capital growth potential over the medium to long term period. EIF has consistently declared an income distribution of at least 5% annually since its inception in 2003.
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