BusinessTimes
CIMB Wealth Advisors Bhd has declared a gross income distribution of five sen per unit for holders of its CIMB-Principal Equity Growth Fund (EGF).
“This amounts to 6.15 per cent of the fund’s net asset value per unit as at January 22, 2008,” said CIMB Group in a statement here today.
The fund provides long-term capital growth, and invests a minimum of 70 per cent in equities with capital growth prospects.The majority of the fund’s assets are invested in Malaysian equities.
EGF is targeted at investors looking for consistent capital returns.
“EGF has performed well, giving total returns of 73 per cent since it was launched in October 2003.
“The overall market sentiment has been generally good and the fund managers’ ability to pick the right stocks has benefited investors,” said its chief executive officer, Tan Beng Wah.
CIMB Wealth Advisors, incorporated in 1990, provides a comprehensive range of unit trust funds for individuals and institutional investors in Malaysia. - Bernama
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