Funds performance and growth

CIMB-Principal AsSet Management Bhd  

Global Titans Fund (equity fund): Returns of 8.65% for the year ended July 31, outperforming the benchmark* return by 0.7%. Major contributors – overweight exposure to Europe relative to the benchmark* and strong stock selection by fund managers in the US and Europe.  

Strategic Bond Fund (bond fund): Returns of 5.1% for the year ended July 31. A high-yield bond fund with up to 10% invested in warrants. Performed well in 2005 mainly due to investment in Killinghall warrants and toll road bonds.  

Xcess Cash Fund (money market fund): Returned 2.7% for the year ended July 31 despite threat of rising interest rates.  

Its performance was mainly attributed to the strategy of investing most of the funds within the one-year period to mitigate risks of rising rates.  

(*The Global Titans Fund benchmark is 38.5% S&P 500 + 24.5% MSCI Europe + 7% MSCI Japan + 30% 1-month Fixed Deposit Rate.)  

Hwang-DBS Investment Management Bhd 

Its flagship fund – Hwang-DBS Select Opportunity Fund (equity fund) – in the six months to June 30 registered growth of 12.57%. Total growth of 145.31% (since inception) outperformed the KLCI benchmark (48.65%). 

Three most popular funds in the past six months: Hwang-DBS Global Property Fund (launched April 2006), Hwang-DBS Global Opportunity Fund (launched this month) and Hwang-DBS Select Income Fund (January 2005)  

AmInvestment Group 

AmDynamic Bond Fund won The Star/Standard & Poor’s Investment Fund Awards Malaysia 2006 for the Fixed Income MYR 1-year category. 

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