GLOBAL: CIMB-Principal Asset Management and RUSD Investment Bank, a bank set up in the Labuan International Business and Financial Centre (Labuan IBFC), have signed a letter of arrangement and operating memorandum to collaborate on the establishment of two funds.
The funds will feed into the CIMB Islamic Asia Pacific Equity Fund and the CIMB Islamic DALI Equity Growth Fund, both of which are managed by CIMB-Principal.
Once established, the funds will be domiciled in Labuan and distributed to clients in the Middle East.