CIMB-Principal eyes Singapore retail entry: sources

Malaysian fund house CIMB-Principal is looking to expand its retail presence to Singapore for the first time in the second half of this year, AsianInvestor understands. The firm, which has RM56 billion ($15 billion) in assets under management, is understood to be looking to launch four new retail funds under the Asean passport scheme, pending regulatory approval. Last month CIMB-Principal became the first firm to launch a qualifying collective investment scheme (CIS) in Malaysia…