MESHIO.COM

If you are interested in oil-related funds, you might want to include this into your portfolio.

Via www.cimb-wealthadvisors.com…

CIMB-Principal Asset Management Berhad today announced the launch of the CIMB-Principal MENA Equity Fund, the first fund in Malaysia to offer investors exposure to large-cap stocks in the Middle East and North Africa (MENA) region.

The MENA Equity Fund allows investors to strategically capitalise on the oil-rich region’s prosperity to potentially enhance their investment portfolios. It has a benchmark target of 10% growth in net asset value (NAV) per annum. Datuk Noripah Kamso, Chief Executive of CIMB-Principal Asset Management Berhad, said: “The MENA region, which has previously been overlooked, potentially offers attractive returns as it trades at a price-to-earnings ratio of 16.4 times, a cheaper valuation compared to other emerging markets in Asia which are trading at 21 times (Source: Datastream, 2007).�

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