1:50 AM
RICHWealth Resources
CIMB-Principal Asset Management Bhd has won the "Best Fund House" Award from Asia Asset Management in its Best of the Best Country Awards 2010.
CIMB-Principal chief executive Campbell Tupling said being deemed the "Best Fund House" from Malaysia was a welcome confirmation of "our efforts to transform into an Asean investment manager with Asia ex-Japan investment capabilities".
CIMB-Principal was also recognised for its achievements in the newly emerging "Exchange-Traded Fund (ETF)" arena, sweeping both the "ETF Manager of the Year" and "Best New ETF" for its CIMB FTSE China 25 in Malaysia. It said the first award recognises the successful launch of new products or listing of funds, franchise expansion and plans to promote ETPs greater usage in the local market.
The second award highlighted the most innovative and successful ETF product in 2010 based on the ETF's market impact, features and unique factors, it said in a statement.
CIMB FTSE China 25 is the first internationally-invested ETF listed on Bursa Malaysia that grants domestic investors exposure to Chinese markets in a tradable and liquid manner. - Bernama
