CIMB-Principal launches its first principal protected structured fund

Based on the performance, the fund aims to pay out fund distributions to investors twice every year. The fund, which launched on March 21, closes for new investment on May 4. The minimum investment is RM10,000 (US$2,892).

The Global Income Fund is a three-year closed-ended fund with an application fee of 3.75% of the NAV of each unit. If investors seek to withdraw their investment prior to the maturity of the fund, a withdrawal fee of up to 1.5% may be levied and the principal protection feature

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