Operations in Taiwan and Korea, increasing its stake in its China joint venture and launching more products across Asia are among the firm’s aspirations in the region, according to the firm’s executives.
Kuala Lumpur-based CIMB-Principal Asset Management has received additional quota enabling the firm to invest in China’s onshore markets, according to latest records from the country’s State Administration for Foreign Exchange (SAFE).
Kuala Lumpur-based CIMB-Principal Asset Management has launched Malaysia’s first China fund that uses renminbi qualified foreign institutional investor (RQFII) quota.
CIMB Group plans to sell partial stakes in its asset management subsidiaries to joint venture partner Principal Financial Group, according to CIMB’s filing with Bursa Malaysia.
Malaysia’s CIMB-Principal Asset Management launches the country’s first China-focused multi-asset fund.
CIMB-Principal Asset Management became the first fund manager in Malaysia to be awarded an RQFII quota by China’s State Administration of Foreign Exchange (SAFE), according to the regulator’s records.
Sentiment for emerging markets has plunged and investors see heightened risk. But Principal Global Investors believes its EM growth prospects remain strong, according to Jim McCaughan, CEO.
The Maybank Bosera Greater China ASEAN Equity-I Fund seeks to tap opportunities in Greater China and ASEAN.
CIMB-Principal Asset Management has entered into a deal to acquire Thailand’s Finansa Asset Management.