CIMB eyes RM300mil sales from new fund

Chief executive officer Munirah Khairuddin said the preferred securities potentially offered attractive yields, especially in an environment with low interest rates and heightened volatility. (Filepic shows Munirah at the launch of the CIMB-Principal Asia Pacific Dynamic Growth Fund. in May last year)

KUALA LUMPUR: CIMB-Principal Asset Management Bhd expects to raise RM300mil in sales from its newly-launched CIMB-Principal Preferred Securities Fund (PSF) this year.

Chief executive officer Munirah Khairuddin said the preferred securities potentially offered attractive yields, especially in an environment with low interest rates and heightened volatility.