Friday, April 18, 2008

CIMB increases Islamic DALI fund sizev

TheStar

KUALA LUMPUR: CIMB-Principal Asset Management Bhd has increased the fund size of its CIMB Islamic DALI Equity Theme Fund to 900 million units from 600 million units.

The fund, which invests in Malaysia's promising sectors such as oil and gas, construction, and plantations, had received overwhelming response, chief executive Datuk Noripah Kamso said in a statement.

It seeks to provide investors with medium to long term capital appreciation by investing in Malaysian securities according to prevailing investment themes, she said.

The fund invests up to 98% of its net asset value in syariah-compliant equities listed on Bursa Malaysia. – Bernama

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