14.02.2011

CIMB-Principal Asset Management Berhad (“CIMB-Principal”) has won a trio of top fund awards in what it says is welcome confirmation of its transformation as an investment manager.

 CIMB-Principal was named ‘Best Fund House’ by Asia Asset Management magazine in its ‘Best of the Best Country Awards 2010’ as well as ‘ETF (Exchange-Traded Fund) Manager of the Year’ and ‘Best New ETF’ for its CIMB FTSE China 25 ETF (formerly known as CIMB FTSE Xinhua China 25).

Campbell Tupling, Chief Executive of CIMB-Principal, said: “Being deemed the ‘Best Fund House’ from Malaysia is a welcome confirmation of our efforts to transform into an ASEAN investment manager with Asia ex-Japan investment capabilities.

“Firstly, we arguably run the widest variety of mandate styles for institutional and retail clients in Malaysia, as our investment team oversees 149 mandate types that range from equity and fixed income to ETFs and structured funds. Secondly, we have expanded the distribution of our product range throughout Southeast Asia to meet individual markets’ rising demand and maturity in line with the ASEAN region emerging as an asset class.”

CIMB-Principal was also recognised for its achievements in the newly emerging ETF arena, being named both ‘ETF Manager of the Year’ and ‘Best New ETF’ for its CIMB FTSE China 25 in Malaysia. The former recognises the successful launch of new products or listing of funds, expansion of franchise and plans to promote greater usage of ETFs in the local market. Meanwhile, the latter highlights the most innovative and successful ETF product in 2010, based on the ETF’s market impact, features, and unique factors.

Commenting on CIMB-Principal’s win, Tan Lee Hock, Publisher of Asia Asset Management said: “As an early mover in the Malaysian market, CIMB-Principal has been able to consolidate its strengths in the local market and 2010 was no different. In the area of product development, the firm has also been able to demonstrate its leadership in the ETF sector rather well.”