CIMB-Principal Asset Management (CIMB-Principal) has been named Asian Fund House of the Year.

The asset managers, who are investment advisors to Cornhill’s WIOF South-East Asia Performance Fund and investment managers for Cornhill’s WSF Asian Pacific Shariah Growth Fund, took AsianInvestor magazine’s Investment Performance Award 2013 for Asian Fund House of the Year.

The prestigious award is given to the best overall fund house headquartered in the Asia Pacific region and recognizes business strategy, execution, investment performance, asset gathering, innovation and success.

Munirah Khairuddin, Deputy Chief Executive Officer of CIMB-Principal, said: “Being deemed the ‘Best Asian Fund House’ is a welcome confirmation of our efforts to transform ourselves into a leading Asian investment manager.

“This also bears testimony to our regional investment capabilities and demonstrates our success in offering multi-asset products, services and solutions that match the risk profile and investment appetite of our clients.”

CIMB-Principal and its related companies currently have total assets under management (AUM) of RM38.39bn as of May 31 2013.