Malaysia's CIMB-Principal Asset Management has launched its Global Income Fund. The principal-protected structured fund is linked to the performance of a basket of 20 global companies, including Exxon Mobil, the Walt Disney Company, Toyota, HSBC, Canon and Pfizer.
Based on its performance, the Global Income Fund aims to pay out fund distributions to investors twice each year. The fund, which launched on March 21, closes for new investment on May 4. The minimum investment is RM10,000 (US$2,892