MALAYSIA - CAPITAL MARKETS - CIMB-Principal Islamic to launch 3 equity funds

KUALA LUMPUR: CIMB-Principal Islamic Asset Management Sdn Bhd (CIMB-Principal Islamic) is planning to launch three equity funds by year-end which will be distributed globally.

The new funds will comply with European Union Undertakings for Collective Investments in Transferable Securities (UCITS) and the approvals are expected soon. (source)