CIMB-Principal Declares Income Distributions for 6 Funds
5 February 2010
Kuala Lumpur: CIMB-Principal Asset Management Berhad (“CIMB-Principal”) has declared income distributions for 6 unit trust funds – comprising money market, fixed income and mixed assets funds – for the period ended 31 December 2009.
The unit trust funds are as follows:
|
Fund |
Gross Distribution
/ Unit (sen) |
Cumulative Performance (%)
1 Year
(as at 31 Dec 2009)* |
|
Money Market |
|
|
|
CIMB-Principal Money Market Income Fund |
0.56 |
3.64% |
|
|
|
|
|
Fixed Income Funds |
|
|
|
CIMB-Principal Strategic Bond Fund |
5.00 |
7.71% |
|
CIMB-Principal Institutional Bond Fund 2 |
1.94 |
2.80% |
|
CIMB-Principal Bond Fund |
4.60 |
8.43% |
|
|
|
|
|
Mixed Assets Funds |
|
|
|
CIMB-Principal Income Plus Balanced Fund |
0.68 |
23.92% |
|
CIMB Islamic Balanced Growth Fund |
2.12 |
32.84% |
Source: CIMB-Principal Asset Management Berhad, verified by Mercer Zainal Consulting Sdn. Bhd. (35090- H)
J. Campbell Tupling, Chief Executive Officer of CIMB-Principal said, “We are pleased that the 6 funds have performed commendably with all funds outperforming their respective category benchmarks. Our fund managers have been effectively creating value for our investors, resulting in of which we are able to declare income distributions for these 6 funds. With investors’ renewed confidence and positive signs of market recovery, 2010 looks set to be a fruitful year for investors.”
As at 1 January 2010 (for 1-year performance), CIMB-Principal Money Market Income Fund is ranked 1st in the 1st Quartile of the Lipper league table in the money market category. This Fund, which mainly invests in short-term money market instruments declared a gross distribution of 0.56 sen per unit which amounts to a distribution yield of 0.55%.
The Company has also declared a gross distribution of 4.60 sen for CIMB-Principal Bond Fund which is also in the 1st Quartile (for 1-year performance). This represents a yield of 4.26%. On the other hand, CIMB-Principal Strategic Bond Fund and CIMB-Principal Institutional Bond Fund 2 paid gross distributions of 5.00 sen and 1.94 sen per unit respectively.
The CIMB Islamic Balanced Growth Fund declared a gross distribution of 2.12 sen and shown a higher distribution yield of 4.98%. This fund is also currently ranked in the 1st Quartile as at 1 January 2010 (1-year performance).
Meanwhile, CIMB-Principal Income Plus Balanced Fund will see its unit holders receiving a gross distribution of 0.68 sen per unit, or a distribution yield of 2.71%. It generated a return of 147.90% as at 31 December 2009 since it was first launched in March 1998.
Archives
Back to top