Principal and CIMB have launched a globally diversified Shariah-compliant fund for investors.
The Signature Dynamic Income Focus-i Fund is the first such offering in their Signature Series.
The income-focused fund also makes a measured allocation to equities for potential long-term capital growth.
Its mandate gives the investment team flexibility to seek opportunities across regions and issuers instead of depending on a single market.
All investments undergo Shariah screening, excluding businesses involved in activities such as alcohol, gambling and tobacco.
The wider Signature Series includes the Signature Dynamic Income Fund, Signature Dynamic Income & Growth Fund and Principal Strategic Global Growth Fund.
“As the first Shariah-compliant fund in our Signature Series, the Signature Dynamic Income Focus-i Fund expands the range of investment options available to our investors, combining global diversification with a flexible approach that can adapt to changing market conditions,”
said Munirah Khairuddin, Chief Executive Officer and Head of Principal Asset Management Berhad.
The fund combines Principal’s global investment expertise with advisory and market insights from CIMB’s Chief Investment Office.
“CIMB is focused on offering savings, wealth, and protection solutions backed by deep insights and advisory to shape better solutions for our customers.
Together with Principal, we continue to augment our comprehensive wealth ecosystem that enhances the growth, protection, and legacy goals of our customers across ASEAN markets, which aligns with our purpose of advancing customers and society,”
Featured image: Edited by Fintech News Malaysia, based on image by Who is Danny via Magnific
The post Principal and CIMB Launch Globally Diversified Shariah Fund appeared first on Fintech News Malaysia .
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