ANNOUNCEMENT OF NEW FUND – CIMB ISLAMIC GLOBAL EQUITY FUND
We are pleased to announce to you the new fund, CIMB Islamic Global Equity Fund, which will be launched on 8th January 2008. The Initial Offer Period (IOP) for this fund is from 8th January 2007 to 28th January 2008.
CIMB Islamic Global Equity Fund aims to provide investors with medium to long-term capital appreciation, through investments in the global markets that comply with the Shariah principles. Kindly note that this fund is open for CASH INVESTMENTS only.
The Fund seeks to achieve its objective by investing principally in equity securities which are Shariah-compliant selected from investment markets around the world, which the fund manager believes are undervalued and have the potential for significant growth. Asset allocation:
§ 70% to 99% of the Fund’s NAV can be invested in Shariah-compliant global equities;
§ The balance of the Fund’s NAV will be invested in Shariah-compliant liquid assets.
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