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CIMB-Principal standardises names of unit trust funds  

Monday, 14 January 2008

KUALA LUMPUR: CIMB-Principal Asset Management Bhd has standardised the names of the unit trust funds within its stable.

All conventional funds now carry the prefix “CIMB-Principal” while its Islamic funds will carry the prefix “CIMB Islamic”.

Previously, some of these funds either carried the prefix “SBB” or did not have prefixes.

Chief executive Datuk Noripah Kamso said in a statement yesterday that the new naming convention ensured consistency and allowed local and regional investors to recognise the group's brand and investment products immediately.

It also creates a distinct brand for CIMB's syariah-compliant funds.

The renaming exercise also applies to funds of its subsidiary CIMB Wealth Advisors Bhd that are being managed by CIMB-Principal.

Source : The Star,

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