CIMB Wealth Advisors

All 600 million units of SBB Global Growth Fund (GGF) were fully subscribed and the Fund is now closed for new investment effective March 22, 2006.

GGF received approval from the Securities Commission to increase its fund size to 600 million units on 6 February 2006, after its initial approved fund size of 400 million units was fully subscribed in less than 2 months after its was launched in November last year.

“We thank our investors for their confidence in us and our outsourced foreign fund manager, Franklin Templeton Investments,” said SBB Mutual Chief Executive Officer Mr Tan Beng Wah. “The enthusiastic response of investors for the SBB Global Growth Fund reflects Malaysian investors’ recognition of opportunities for diversification of their investment portfolio. In combination with their current investments in Malaysia, a diversified portfolio is likely to bring better returns.”

GGF is a true-to-label global equity fund that invests entirely in approved-foreign markets (excluding Malaysia). It is suitable for investors who have a long-term view to investment and seek high level of international diversification.

This is the 2nd global fund to be closed for new investment following the closure of the SBB Global Balanced Fund in mid-March this year, which was also fully subscribed in less than 2 months after its official launch.