MALAYSIA: CIMB-Principal Islamic Asset Management is aiming for at least RM200 million (US$64 million) in total assets under management for its three new Dublin-based undertakings for collective investment in transferable securities (UCITS) for Islamic funds by the end of this year, according to Noripah Kamso, its CEO.
The new funds are: the Islamic Asean Equity Fund, the Islamic Asia-Pacific ex-Japan Fund and the Islamic Global Emerging Markets Fund.
CIMB-Principal Islamic Asset Management will commence the management of the funds by February this year.