TheEdge
KUALA LUMPUR: CIMB Wealth Advisors Bhd has declared a gross income distribution of eight sen per unit for holders of its CIMB-Principal Equity Growth Fund & Income Fund, formerly SBB Double Growth Fund.
In a statement yesterday, CIMB Wealth said the payout amounted to 6.7% of the fund’s net asset value per unit as at Feb 29, 2008.
“This fund has performed well, giving total returns of 176.16% since it was first launched,” said CIMB Wealth Advisors chief executive officer, Tan Beng Wah.
Launched in May 1991, the fund enables investors to achieve capital appreciation over the medium to long term via all types of investments with the potential for above average growth.
CIMB Wealth said the fund was targeted at investors looking for capital appreciation for the long term, with dividend income being secondary and investors willing to take moderate risk in pursuit of potentially better returns would benefit from the fund.
CIMB Wealth Advisors is a subsidiary of CIMB-Principal Asset Management Bhd, which is jointly owned by CIMB Group and the Principal Financial Group
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