CIMB-Principal to passport funds this week
The Malaysian manager is to launch two funds in Singapore under the Asean collective investment framework. These will become the first to be passported under the scheme.
Malaysia’s CIMB-Principal Asset Management will launch two funds in Singapore on September 9 under the Asean Collective Investment Scheme (CIS) passporting framework.
While other fund houses have managed to secure qualifying status for their funds under the scheme, the CIMB-Principal funds will be the first to be passported.
Paul McConomy, chief administration officer for Asia and the Middle East at Principal Global Investors, confirmed that CIMB Principal’s Asia Pacific Dynamic…
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