KUALA LUMPUR: CIMB-Principal Asset Management Bhd declared RM31.6 million in income distributions for nine of its unit trust funds for the financial year ended Dec 31, 2010 amid the market's unstable pattern throughout the year.
CIMB-Principal chief executive Campbell Tupling said the market had, within two years, fully recovered from its low in March 2009 that was brought on by the global crisis.
'This is quite remarkable, considering that predictions about the rate of recovery at that time were quite dire. Investors who stay invested and continue to invest through the downturn were rewarded with very good returns,' he said.
Tupling said following the Asian financial crisis and recent global financial crisis, investors had observed markets do bounce back but the speed of recovery was not easy to predict.
'This year we are looking at Asia's strong growth drivers to continue to accelerate rapid economic growth, thus developing upside potential for better investment opportunities,' he added.
Fund Gross Distribution
/ Unit (sen)
Cumulative Performance
(%) 1 Year
CIMB-Principal Strategic Bond Fund 5.51 10.02% CIMB-Principal Bond Fund 3.76 5.84% CIMB Islamic Money Market Fund* 0.12 2.46% CIMB-Principal Money Market Income Fund 0.30 2.76% CIMB-Principal Deposit Fund* 0.20 2.07% CIMB Islamic Deposit Fund* 0.17 1.80% CIMB Islamic Balanced Growth Fund 2.04 15.57% CIMB-Principal Balanced'' Fund 2.55 21.09% CIMB-Principal Income Plus Balanced Fund 1.01 15.07% ''
Note: All funds' financial-year-end (FYE) are calculated as at Dec 30, 2010, except for funds marked ( * ) ' CIMB Islamic Money Market Fund, CIMB-Principal Deposit Fund and CIMB Islamic Deposit Fund with FYE Nov 30, 2010, Aug 31, 2010 and Jan 31, 2011 respectively.
CIMB-Principal chief executive Campbell Tupling said the market had, within two years, fully recovered from its low in March 2009 that was brought on by the global crisis.
'This is quite remarkable, considering that predictions about the rate of recovery at that time were quite dire. Investors who stay invested and continue to invest through the downturn were rewarded with very good returns,' he said.
Tupling said following the Asian financial crisis and recent global financial crisis, investors had observed markets do bounce back but the speed of recovery was not easy to predict.
'This year we are looking at Asia's strong growth drivers to continue to accelerate rapid economic growth, thus developing upside potential for better investment opportunities,' he added.
Fund Gross Distribution
/ Unit (sen)
Cumulative Performance
(%) 1 Year
CIMB-Principal Strategic Bond Fund 5.51 10.02% CIMB-Principal Bond Fund 3.76 5.84% CIMB Islamic Money Market Fund* 0.12 2.46% CIMB-Principal Money Market Income Fund 0.30 2.76% CIMB-Principal Deposit Fund* 0.20 2.07% CIMB Islamic Deposit Fund* 0.17 1.80% CIMB Islamic Balanced Growth Fund 2.04 15.57% CIMB-Principal Balanced'' Fund 2.55 21.09% CIMB-Principal Income Plus Balanced Fund 1.01 15.07% ''
Note: All funds' financial-year-end (FYE) are calculated as at Dec 30, 2010, except for funds marked ( * ) ' CIMB Islamic Money Market Fund, CIMB-Principal Deposit Fund and CIMB Islamic Deposit Fund with FYE Nov 30, 2010, Aug 31, 2010 and Jan 31, 2011 respectively.
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