With the world scrambling toward investment opportunities in Asia, equities present a promising option to those looking for high growth, according to a senior executive at CIMB, the Malaysian bank

Speaking at a media briefing, head of consumer sales & distribution Sulaiman Mohd Tahir said, "Asian economies are well poised to recovery, with China leading the way.”

“Taking into account all the positive economic indicators from around the world and Asia, we expect the level of investors' risk averseness to moderate and confidence to return significantly. This is also the best time for investors to consider the prospects of shifting into equities," he said.

Equities have translated into profit for the Malaysian bank, with its three Asian funds CIMB Islamic Asia Pacific Equity Fund, CIMB-Principal Asia Infrastructure Equity Fund and CIMB-Principal Emerging Asia Equity Fund recording a year-to-date growth of 50.68 per cent, 36.83 per cent, and 49.46 per cent respectively.

CIMB-Principal chief investment officer Raymond Tang added: "The recent positive market performance has moved in anticipation of the first round of recovery. From here we foresee a positive uptrend that investors can still partake of in anticipation of the second leg of the recovery."

CIMB Bank is one of the three brand entities operating under Malaysian financial services provider CIMB Group, the other two being CIMB Investment Bank and CIMB Islamic. CIMB Group is headquartered in Kuala Lumpur.