Compliance
Principal Islamic Asset Management Sdn Bhd ('Principal') has a compliance unit which is responsible to ensure that all business conducts and practices of the Company complies with securities laws, regulations and relevant guidelines which are gazetted and issued by the regulators.
The compliance unit reports directly to the board of directors and works closely with the senior management personnel on all compliance matters. The Unit also liaises with other departments within the Company to discharge the duties and functions effectively.
Other responsibilities include: Establishing, maintaining and administering the implementation of policies and procedures to detect and prevent breaches of securities laws, regulations and relevant guidelines; Preparing and tabling compliance reviews to the board of directors; Maintaining and reviewing compliance procedures for each area of the Company’s operation; Examining and investigating any irregularity in the Company’s operations; Assisting in training and educating staff members on compliance matters, industry and regulatory developments.
Principal has developed a set of "Rules of Business Conduct" which applies to all employees that set forth Principal's commitment to conduct its business lawfully with high credibility and integrity. The culture dictates that compliance is each employee's responsibility. Principal also has a Business Continuity Plan (BCP) in place that details the Company’s back-up plans for all key systems and proceeding of operations in the event of disaster.
Risk Management
Principal's risk management comprises dedicated risk management and compliance teams, and members of the investment committee.
The team works in tandem with the investment team to ensure the level of risk meets the expectations of clients' overall performance targets that are set against the appropriate benchmark. Portfolios are constructed and managed within pre-determined guidelines such as risk budgets that will be monitored regularly.
Investment Committee
Principal has appointed the investment committee for the Funds, pursuant to the requirements under the Securities Commission Malaysia (SC) guidelines. The investment committee currently consists of four (4) members including three (3) independent members.
| Yoon Mun Thim | Chairman | Independent member |
| Wong Joon Hian | Independent member |
| Munirah Khairuddin | Non-Independent member |
Generally, the investment committee meets quarterly and is responsible for ensuring that the investment management of the Funds is consistent with the objectives of the Funds, the Deeds, the SC guidelines and relevant securities laws, any internal investment restrictions and policies of the Manager, as well as acceptable and efficacious investment management practices within the unit trust industry.
In this role, the powers and duties of the investment committee include formulating and monitoring the implementation by the Manager of appropriate investment management strategies for the Funds and the measurement and evaluation of the performance of the Manager.
The designated person for fund management function for all Principal Funds is the Chief Investment Officer:
Name: Mohd Fadzil Mohamed
Designation: Chief Investment Officer, Malaysia
Experience: With 26 years of experience in asset management and an accumulated knowledge in various aspects of the industry, especially in fixed income fund management, economics and fixed income research, Fadzil is tasked to oversee the management of fixed income and equity portfolios. Prior to joining the firm, he was the Chief Executive Officer and Chief Investment Officer (Fixed Income) of a local fund management company. During his tenure there, he won two (2) Morningstar industry performance awards in 2015, for Best MYR Bond Fund and Best MYR Islamic Bond Fund categories. Since joining Principal Islamic in 2015, he has led his team to win various awards, including Best 3-year ROI Global Sukuk Award for EPF Portfolio Managers 2017, Thomson-Reuters Lipper Fund Award MENA Markets for Best 3-year Bond Global 2017 and Best 3-year TWRR Global Sukuk for KWAP External Portfolio Managers 2018. He earned a BSc (Econs) Hons degree in Accounting and Finance from University of Aberystwyth, Wales, UK.
Investment Committee Members
Munirah Khairuddin
Non-Independent member
Experience:
Munirah joined Principal in November 2006 and was appointed as CEO and Executive Director of Malaysia in May 2013. She has been instrumental in leading the company to grow its Assets Under Management (AUM), deepening its retail leadership with new focus in private retirement space and innovative digital solutions to benefit all Malaysians irrespective of their financial background, and maintaining consistent risk management and investment performance. Under her leadership, Principal Malaysia has embarked on a significant journey in fulfilling its commitment towards the United Nation Sustainable Development Goals (UNSDG).
Munirah’s responsibilities for Principal have continued to expand. In March 2023, Munirah was appointed as the Head of Global Islamic business for Principal, and subsequently in 2024 was named Managing Director of Strategic Distribution & Institutional Clients Relations (Southeast Asia & Global Shariah) overseeing key strategic institutional client and distribution relationships.
In 2025, Munirah’s role continued to expand where on April 1, she was named Chief Executive Officer and Head of Principal Asset Management Berhad (Group of Companies). In this new role, Munirah is responsible for Principal Singapore, Indonesia, Malaysia, and Thailand businesses.
In addition, Munirah also serves as Chair of the Boards for Principal Thailand and Principal Indonesia.
Prior to Principal, Munirah worked as a G7 Economist and strategist for a Fortune 500 multinational oil and gas company. Prior to that, she was a fixed income portfolio manager for emerging markets at Rothschild Asset Management in London.
Munirah was recognized as Asset Management CEO of the Year Malaysia 2024 by Global Banking & Finance Awards. Munirah was also recognized as CEO of the Year, Malaysia in Asia Asset Management’s 2015 and 2014 Best of the Best Awards. Munirah was also selected as one of the recipients for the "Top 25 Women of Asset Management" award by Asian Investor in 2014.
Qualification:
Munirah is a Chartered Financial Analyst charter holder and holds the Capital Markets Services Representative’s License for fund management. She graduated with a Bachelor of Arts (Honours) in Accounting & Financial Analysis, University of Newcastle, United Kingdom.
* Independent Member.
Financial Information
| In RM | 2020 | 2021 (Restated) | 2022 | 2023 | 2024 |
| Paid-up Share Capital | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 |
| Shareholders’ funds | 26,389,352 | 18,149,890 | 15,162,564 | 16,040,511 | 14,814,441 |
| Revenue | 29,601,398 | 34,788,019 | 34,915,065 | 37,247,095 | 43,558,361 |
| Profit before tax | 4,830,383 | 6,389,623 | 6,383,149 | 8,343,401 | 6,371,551 |
| Profit after tax | 4,516,573 | 6,460,538 | 6,012,674 | 8,377,947 | 5,773,930 |
Total Number of Fund and Total Value of Funds Under Management
As at 28 February 2026.
Total Value of Asset Under Management - RM 17.115 billion.
Total Number of Fund
1 Wholesale Fund
25 Mandates
3 Undertakings for the Collective Investment in Transferable Securities Funds (UCITS)
Shariah Adviser
Amanie Advisors Sdn Bhd (''Amanie'')
Amanie is a Shariah advisory, consultancy, training and research and development boutique for institutional and corporate clientele focusing on Islamic financial services. It is a registered Shariah advisory company for Islamic unit trust with the Securities Commission Malaysia (SC). Amanie was established with the aim of addressing the global needs for experts' and Shariah scholars' pro-active input. This will ultimately allow the players in the industry to manage and achieve their business and financial goals in accordance with the Shariah Principles.
The roles of Shariah Adviser are:
1. Ensure that the Fund is managed and administered in accordance with Shariah Principles.
2. Provide expertise and guidance in all matters relating to Shariah Principles, including on the Fund's deed and prospectus, its structure and investment process, and other operational and administrative matters.
3. Consult with SC where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process.
4. Act with due care, skill and diligence in carrying out its duties and responsibilities.
5. Responsible for scrutinising the Fund's compliance report as provided by the compliance officer and investment transaction reports provided by, or duly approved by, the Trustee to ensure that the Fund's investments are in line with Shariah Principles.
6. Prepare a report to be included in the Fund's interim and annual reports certifying whether the Fund have been managed and administered in accordance with Shariah Principles for the period concerned.
With more than fourteen (14) years of experience in the advisory role of unit trusts, Amanie has to date managed more than 170 funds locally and globally.
Mohd Suhaimi Abdul Hamid
Chairman of Amanie Advisors Sdn Bhd
Suhaimi was the Chief Executive Officer (CEO) for 5 years at Standard Chartered Saadiq Malaysia Berhad (SCSB) from March 2019 till 14 March 2024. SCSB is a full-fledged Islamic subsidiary of Standard Chartered Bank Malaysia Berhad (SCBMB) that has the largest business network covering Asia, Africa, Middle East and Europe. SCSB is the 3rd largest revenue contribution among 25 markets globally.
Suhaimi was born in Johor and received primary education at Johor Bahru before joining Sek. Men. Agama Segamat (SMKA) and Kolej Islam Sultan Alam Shah (KISAS). He graduated from International Islamic University Malaysia (IIUM), Bachelor of Economics (Hons) in 1999 major in Economics and minor in Islamic Finance. He has also completed the Certificate of Islamic Banking issued by the International Centre for Education in Islamic Finance (INCEIF). In addition, Suhaimi’s professional qualifications in Sustainable Leadership Program Organised by IBFIM and Cambridge University and Global Leaders programme at Chase School. London. He is also an Associate Member of Chartered Institute of Islamic Finance Professionals (CIIF). In addition to that, Suhaimi has completed the Financial Institutions Directors’ Education Programme (FIDE) training in Malaysia.
He has a total of 25 years’ experience in Corporate Banking, Investment Banking, Islamic Banking and has since garnered domestic and regional exposure throughout his career life in local and multinational financial institutions Corporate Banking and Investment Banking. Suhaimi started his career with MBF Finance Berhad, AmIslamic Berhad in 1999 and has since worked in several banks, which include Alliance Islamic Bank, OCBC Bank (M) Berhad and Maybank Islamic (M) Berhad for approximately 10 years, holding various positions before joining Standard Chartered Bank Group for 15 years from March 2009 till March 2024.
Prior to be the CEO of Malaysia entity, Suhaimi was managing Corporate Banking, Investment Banking, Islamic business in Singapore, Indonesia and Kenya before he returns to Malaysia in year 2015. In Malaysia, Suhaimi was then appointed as the Head, Islamic for Commercial Banking SCBMB and also responsible to execute refresh strategies for Islamic retail business of which he has successfully growing Bumi business, with focus to reshape the balance sheet for SCSB and he was instrumental in strengthening the collaboration with internal stakeholders within SCB and 3rd party providers to grow Islamic fees based revenue before assuming role as the Chief Operating Officer of SCSB in 2018.
During his time as CEO for 5 years at Standard Chartered Saadiq Malaysia, Suhaimi played an instrumental role in strengthening Standard Chartered Saadiq’s presence in Malaysia by offering “Halal360” unique solution to Islamic Financial Institutions, large Corporates, SMEs and Individual. Besides growing balance sheet and revenue, Suhaimi has successfully embark digital banking business in Malaysia and received multiple awards as the best Islamic Digital bank by Global Finance and CX Digital consecutively for 5 years. He has also been a strong advocate of the Bank’s diversity and inclusion agenda through his key contributions to WOWnita a business financing facility for women entrepreneurs. Additionally, as Country Champion for Standard Chartered Futuremakers, Suhaimi has demonstrated unwavering dedication towards initiatives that support financial literacy, female entrepreneurship, and youth employability that have given an impact to 10,000 youth. Suhaimi has collaborated with Yayasan Zarith Sofia to launch “celik Kewangan” to educate youth and benefit to 2000 students in Johor.
After his retirement in commercial banking in April 2024, Suhaimi ventured in fintech namely Berrypay as investor and management. With his expertise in global banking business, he focus to expand this fintech franchise across Middle East and Africa markets.
Suhaida Mahpot, CSAA
Chief Executive Officer, Amanie Advisors Sdn Bhd
Suhaida Mahpot is the Chief Executive Officer for Amanie Advisors in Kuala Lumpur office. She holds a Bachelor of Economics (Islamic Economic & Finance) from International Islamic University Malaysia and a professional certificate of Certified Shariah Advisor and Auditor (CSAA) of AAOIFI.
She joined Amanie in 2008 and was amongst the pioneers in the company. She is a specialist in sukuk advisory and has been advising numerous sukuk locally and internationally. One of the sukuk advised by her together with Tan Sri Dr Mohd Daud Bakar has been awarded as Best Securitisation Sukuk at The Asset Triple A Islamic Finance Award (2020). Apart from sukuk advisory, her primarily focus is on Shariah governance, structuring, enhancement and conversion exercises, establishment of Islamic financial entities as well as development of Islamic products. Her career in banking & financial industry started as a trainee under Capital Market Graduated Trainee Scheme organized by the SC.
Prior to joining Amanie, she worked with Affin Investment Bank Bhd since 2006 as an executive for debt & capital markets department. She completed various project financing deals using private debt securities instruments ranging from infrastructure & utilities, real estate, plantation and many others.
Designated person for Shariah Matters;
Ahmad Anas Fadzil,CSAA, CIPA
Senior Consultant, Amanie Advisors Sdn Bhd
Ahmad Anas is the Senior Consultant for Amanie Advisors, based at the Head Office in Kuala Lumpur. As part of Amanie Advisors’ global team, his primary focus is on advising and delivering projects for various Islamic financial services across the globe on their strategic issues and on Shariah compliant products and instruments.
Prior to joining Amanie Advisors, he was attached with Sigur Ros for Turkey’s Project of Century: Turkish Republic North Cyprus Water Supply project where he had been assigned as the Project Accountant based in Turkey. Among his responsibilities was the preparation of various reports pertaining to the Project Account. Prior to that, he was an auditor with Ernst & Young, attached to Global Financial Services department, engaged in performing auditing work for the financial institutions.
Ahmad Anas is an Associate Member of Association of Shariah Advisors in Islamic Finance (ASAS) and holds a professional certificate of Certified Shariah Advisor and Auditor (CSAA) and Certified Islamic Public Accountant (CIPA) from Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFI). He holds a Master of Islamic Finance (MSc) from The Global University of Islamic Finance (INCEIF), and is an accounting graduate from Universiti Teknologi Mara (UiTM). He speaks English, Malays and Turkish.
Muhammad Hafizuddin
Assistant Consultant, Amanie Advisors Sdn Bhd
Muhammad Hafizuddin graduated with a Bachelor of Business Administration (HONS) Islamic Banking from Universiti Teknologi Mara (UiTM). He was exposed to the financial and Shariah advisory services such as Shariah stock screening, monitoring and compliance review during his internship with Amanie.
Sub-Managers
Principal Asset Management (S) Pte. Ltd. ("Principal Singapore")
Sub-Manager for Islamic Asia Pacific Dynamic Income & Growth Fund
Christopher Leow - Chief Executive Officer and Chief Investment Officer
Over 25 years of portfolio management and research experience with a proven track record of accomplishments. He has extensive experience, having worked as an analyst in stockbroking and as a portfolio manager in asset management boutiques in addition to a stint in an internet start-up. Christopher was appointed Chief Executive Officer of Principal Asset Management (S) Pte Ltd in June 2017. He obtained his fund manager’s representative’s license in January 1999 and holds a Bachelor of Commerce in Accounting and Finance (Hons) from the University of Western Australia. He is also a Chartered Financial Analyst (CFA) Charterholder and Certified Financial Planner. He obtained his Capital Markets Services Representative License from Monetary Authority of Singapore in September 2007.
Dennis Lee Yong Wee - Head of International Investments
Dennis Lee joined Principal Asset Management (S) Pte Ltd in April 2012 as Director, International Investment. Prior to joining Principal, Dennis was an Executive Director of ICH Asset Management from 2007 to 2012 where he was the fund manager for Asia Phoenix Absolute Return Fund, a Singapore-based hedge fund investing across the Asian region. He graduated as a Master of Science from Stanford University, USA in 1995. He is a Chartered Financial Analyst (CFA) Charterholder since 1998.
James Gan, Equity - Portfolio Manager
He is the lead fund manager for the Islamic Asia-ex-Japan group. He previously managed the relative return emerging market country funds (China-India-Indonesia), ASEAN absolute return funds and ETF listed on the Singapore Exchange. James is also the country strategist and research analyst for India and leads the in-house Oil price task force. James’s prior research experience include Singapore, Korea, Taiwan and Malaysia. He is a Chartered Financial Analyst (CFA) Charterholder and graduated with a Bachelor of Science (Hons) in Mathematics and Economics from the University of Warwick.
Serene Chng - Senior Portfolio Manager
Prior to joining Principal, she was a portfolio manager at Nomura Asset Management Singapore since 2006. She covered Australian, New Zealand and Indonesian equities as well as managing Asian equity focused institutional funds. Ms Chng holds a degree in Bachelor of Business Administration with 1st Class Honors from the National University of Singapore and she is a Chartered Financial Analyst (CFA) Charterholder. Kindly note that the lead portfolio manager for this product is James Gan ad the co-portfolio manager is Serene Chng.
Principal Global Asset Allocation (PGAA) and Principal Global Investors, LLC
Sub-Manager for Islamic Global Multi-Asset Fund
| Investment Manager | Principal Islamic |
| Sub-Investment Advisers | Asset Allocation Principal Global Investors, LLC (PGAA) Principal Global Investors, (Hong Kong) Ltd (PGAA) |
| Equity Sleeve Management Principal Global Investors, LLC (PGI Equities) | |
| Sukuk Sleeve Management Principal Islamic |
Greg Tornga, CFA - Managing Director and Portfolio Manager
Greg is responsible for co-managing our dynamic risk asset allocation suite, our fist active multi-asset high income ETF, and our dynamic risk model portfolios, including a digital advisor solution. Greg has extensive expertise in the fixed income market and was previously Head of Fixed Income and a Portfolio Manager at Edge Asset Management, another investment boutique within Principal Global Investors. Prior to Principal, Greg was a Senior Vice President for Payden and Rygel Investment Management in Los Angeles, where he served as the Head of Investment Grade Credit Strategy. His background also includes corporate finance roles in the Technology and Communication industry with Texas Instruments and Covad Communications. He received an MBA from the Argyros School of Business and Economics at Chapman University and a bachelor’s degree from the University of Michigan. Greg has earned the right to use the Chartered Financial Analyst designation.
Raj Singh, CFA - Portfolio Manager
Raj is responsible for the management asset allocation portfolios. Previously he also managed fixed income portfolios. Prior to joining the firm, he was a Director, Portfolio Management, with Sun Life Hong Kong where he managed and developed solutions for general account funds. Prior to that, he worked at BEA Union Investment Management, helping to manage Multi-Asset and Pension portfolios. He has also worked with Credit Suisse, Singapore where he focused on building cross-asset trading systems. Raj received an MBA from The Hong Kong University of Science & Technology with an International Exchange Program at the London Business School and a Bachelor of Engineering (Computer Science) from The Institute of Technology & Management, India. Raj has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute.
Principal Islamic - Sukuk Sleeve
Elyzza Syazreen Zailan - Portfolio Manager, Global Sukuk
Elyzza has 13 years of experience in the fund management industry, specialising in fixed income direct mandates and unit trust funds. She joined Principal Islamic in 2018 as a Global Sukuk Portfolio Manager. Prior to joining Principal Islamic, she was the Head of Fixed Income in a local asset management company, where she successfully led her team to win several industry awards, including the Best 3-year ROI Domestic Fixed Income Portfolio Manager and Best 3-year ROI Domestic Fixed Income for a pension fund, for two consecutive years in 2017 and 2018. In 2018, she also won two (2) Morningstar Awards for Best MYR Bond Fund and Best MYR Islamic Bond Fund categories. At Principal Islamic, she won Best 3-year ROI global Sukuk for a public pension fund in 2020. She obtained her BSc degree in Actuarial Science (Distinction) from University of Illinois, Urbana-Champaign, USA.
Mohd Fadzil Mohamed - Chief Investment Officer, Principal Islamic
With 25 years of experience in asset management and an accumulated knowledge in various aspects of the industry, especially in fixed income fund management, economics and fixed income research, Fadzil is tasked to oversee the management of fixed income and equity portfolios. Prior to joining the firm, he was the Chief Executive Officer and Chief Investment Officer (Fixed Income) of a local fund management company. During his tenure there, he won two (2) Morningstar industry performance awards in 2015, for Best MYR Bond Fund and Best MYR Islamic Bond Fund categories. Since joining Principal Islamic in 2015, he has led his team to win various awards, including Best 3-year ROI Global Sukuk Award for EPF Portfolio Managers 2017, Thomson-Reuters Lipper Fund Award MENA Markets for Best 3-year Bond Global 2017 and Best 3-year TWRR Global Sukuk for KWAP External Portfolio Managers 2018. He earned a BSc (Econs) Hons degree in Accounting and Finance from University of Aberystwyth, Wales, UK.
Principal Global Investors - Equity Sleeve
Christopher Ibach, CFA - Portfolio Manager
Chris is a portfolio manager for Principal Global Equities. He specializes primarily in the management of global strategies, integrating fundamental and quantitative research. Chris also leads our advanced research and development initiatives, including ongoing alignment with the Principal data science team, which leads the coordination of our growing community of university and expert network resources. Chris has served as a key contributor to the firm’s research and development efforts for more than a decade, including model development for the firm’s proprietary stock selection models, portfolio construction, and risk management tools. He joined the firm in 2000 as an equities research analyst, specializing in the analysis of international technology companies and was named a portfolio manager in 2002. Previously, Chris gained six years of research and development experience with Motorola, Inc. He received an MBA in finance and a bachelor's degree in electrical engineering from the University of Iowa. Chris has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute.
Steven Larson - Portfolio Manager
Steven is a Portfolio Manager for Principal Global Equities. He specializes primarily in the management of global large cap strategies. Steven began his career at Principal in 1992 and held several roles including co-managing international equity portfolios primarily for institutional and retirement plan clients. He also directly participated in the development of the firm’s first global equity strategy in 2002. Before rejoining Principal in 2019, Steven served as a partner and portfolio manager for international equities at Arbor Capital Management, LLC and later as managing director, portfolio manager for international equities at Winslow Capital Management (an affiliate of Nuveen/TIAA). He received an MBA in Finance from University of Minnesota, Carlson School of Management and a bachelor's degree in Finance from Drake University. Steven has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute.
Scott P. Leiberton, CFA - Managing Director
Scott is a managing director of Principal Global Equities. He is responsible for overseeing client portfolio management for the firm's full range of global, international, and U.S. equity capabilities and serves as a co-portfolio manager for specialty global equity portfolios. Previously he also served as a member of Principal’s asset allocation strategy team. Scott joined Principal Global Investors in 1999 with more than a decade of prior experience in institutional asset management and portfolio management. Previously he worked at Boatmen's Trust Company and subsequently as a founding partner of Rockwood Capital Advisors. Scott received an MBA from Saint Louis University and a bachelor's degree in finance and economics from the University of Missouri. He earned the Certified Employee Benefits Specialist designation from the International Foundation of Employee Benefit Plans and the Wharton School, University of Pennsylvania. Scott has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute.
Research team supporting the Fund
Alexis Nigoghosian - Investment Analyst, Principal Global Asset Allocation
Alexis is responsible for supporting the portfolio management team managing our U.S. dynamic risk asset allocation strategies. She has been in the investment industry since 2015 when she joined Principal. Alexis received a bachelor’s degree in business administration with majors in finance, economics, and management from the University of Denver. Alexis is a Chartered Financial Analyst Level III Candidate.
Han Peng - Senior Analyst, Principal Global Asset Allocation
Han works closely with other members of the research team in developing fundamental, technical and valuation models for the boutique. He also supports portfolio managers in managing asset allocation portfolios. Han joined Principal in 2011 in Beijing and relocated to Hong Kong in early 2015. He received a master's degree in biomedical studies from Baylor University and a bachelor's degree in biotechnology from Sun Yat-Sen University. He has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute and the Hong Kong Society of Financial Analysts.
Frank Robin Winkler - Credit Analyst, Global Sukuk
Frank joined Principal Islamic in 2015 and has 9 years of experience in the financial industry, previously with local banks in Singapore and an international bank in Frankfurt. He holds an MSc degree in Investment Banking and Islamic Finance from Henley Business School, ICMA Centre, United Kingdom. He also obtained an MBA from Technical University of Berlin, Germany and a Chartered Islamic Finance Professional (CIFP) from INCEIF University, Malaysia.
Ashraf Nasir - Credit Analyst, Global Sukuk
Ashraf joined Principal Asset Management (Principal Malaysia) in November 2019 as an analyst. Prior to joining Principal Malaysia, he has served in PricewaterhouseCoopers Malaysia (Asset Management Industry) for 2 years. On his educational background, he holds a BSc degree in Accounting and Finance from the University of Cardiff, United Kingdom. Among sectors under his purview as an analyst is banking, property, utilities, petrochemical industry and aircraft leasing.
Fund Outsourcing Providers
HSBC (Malaysia) Trustee Berhad
The manager outsourced its fund valuation function to HSBC (Malaysia) Trustee Berhad (“HSBC”). HSBC is responsible to compute the fund’s NAV based on the method of calculation set out in the fund’s offering document and in accordance with the manager instruction.
HSBC (Malaysia) Trustee Berhad is a company incorporated in Malaysia since 1937 and registered as a trust company under the Trust Companies Act 1949, with its registered address at 13th Floor, Bangunan HSBC, South Tower, No. 2, Leboh Ampang, 50100 Kuala Lumpur. Since 1993, the Trustee has acquired experience in the administration of trusts and has been appointed as trustee for unit trust funds, exchange traded funds, wholesale funds and funds under private retirement scheme.
Funds outsourced to HSBC (Malaysia) Trustee Berhad;
- Principal Emerging Markets Multi Asset Fund (formerly known as CIMB-Principal Emerging Markets Multi Asset Fund)
- Principal US Mortgage Fund (formerly known as CIMB-Principal US Mortgage Fund)
- Principal Global Preferred Securities Fund (formerly known as CIMB-Principal Preferred Securities Fund)
- Principal China Multi Asset Income Fund (formerly known as CIMB-Principal China Multi Asset Income Fund)
- Principal Global Income Fund (formerly known as CIMB-Principal Global Income Fund)
- Principal China Direct Opportunities Fund (formerly known as CIMB-Principal China Direct Opportunities Fund)
- Principal World Selection Conservative Fund
- Principal World Selection Moderate Conservative Fund
- Principal World Selection Moderate Fund
- Principal World Selection Moderate Aggressive Fund
- Principal World Selection Aggressive Fund
- Principal Islamic Global Sukuk Fund (formerly known as CIMB Islamic Global Sukuk Fund)