Written by Personal Money
Wednesday, 19 August 2009 20:33
KUALA LUMPUR: CIMB-Principal Asset Management Bhd received the Best Islamic Fund Award for the CIMB Islamic DALI Equity Growth Fund at the 3rd International Takaful Summit held in London recently.
The Takaful Summit is a yearly event organised by the Middle East Business Forum. The winners were selected by evaluating the performance of funds over three years (ended 2008) in which the CIMB Islamic DALI Equity Growth Fund achieved the best cumulative performance.
The fund’s mainly bottom-up stock selection process is based on three criteria: improving fundamentals, attractive relative valuations and rising investor expectations, said the company in a statement.
CIMB Islamic DALI Equity Growth Fund, which was launched in May 1998, seeks to achieve consistent capital growth over the medium- to long-term and invests in a diversified portfolio that includes syariah-compliant equities and sukuk.
As at July 31, the fund held 87.64% in equities. The fund also won the Best Malaysian Equity Fund for a three-year performance as at Dec 31, 2008 at the 4th Failaka Islamic Fund Awards.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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