Principal introduces two new funds to expand its lineup of Shariah-compliant solutions

Principal introduces two new funds to expand its lineup of Shariah-compliant solutions

 

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FOR IMMEDIATE RELEASE

Principal introduces two new funds to expand its lineup of Shariah-compliant solutions 

New funds provide investors exposure to global markets and diversification opportunities 

(KUALA LUMPUR, Malaysia, 3 August 2023)

Principal Malaysia (“Principal”) has introduced two new Shariah-compliant funds, Principal Islamic Global Multi-Asset Fund and Principal Islamic Greater China Growth Fund, to meet the evolving needs of investors in Malaysia. These funds expand Principal’s distinct lineup of Shariah-compliant solutions and offer investors the opportunity to diversify their portfolios across various asset classes and global markets, while adhering to Shariah principles.

“We are proud to provide investors with continued access and exposure to various asset classes across both emerging and developed markets,” said Munirah Khairuddin, chief executive officer and country head of Principal Malaysia. “Our growing suite of Shariah-compliant investment solutions leverage our local and global asset management capabilities across a range of specialties to identify investment opportunities and meet client needs.”

Investment Strategies

The launch of both funds underscores Principal’s dedication to developing and offering Shariah-compliant investment solutions that help investors to meet their investment objectives. 

  • Principal Islamic Global Multi-Asset Fund: Provides exposure to a diversified portfolio of asset classes, predominantly in Shariah-compliant equities and Sukuk, and incorporates strategic and tactical asset allocations to efficiently navigate various market cycles, while minimising portfolio risk. Allows investors to potentially benefit from capital growth and income within a medium to long-term investment horizon.

  • Principal Islamic Greater China Growth Fund: Invests in Shariah-compliant equities of companies in the Greater China region (specifically, the People’s Republic of China, Hong Kong SAR, and Taiwan ROC) that display positive fundamental change and whose valuations are under-appreciated in the market relative to their potential going forward. Allows investors with a long-term investment horizon to potentially benefit from capital growth.

Munirah added, “We continue to see strong demand for Shariah-compliant solutions and believe the introduction of the Principal Islamic Global Multi-Asset Fund and Principal Islamic Greater China Growth Fund are perfect complements to our existing range of funds, which aim to provide annual income and capital growth over the medium-to-long term.” 

The Principal Islamic Global Multi-Asset Fund offers three share classes for investors: Class USD, Class MYR and Class MYR-Hedged. The Principal Islamic Greater China Growth Fund offers five share classes for investors: Class MYR, Class MYR-Hedged, Class USD, Class SGD and Class SGD-Hedged.

For more information, please visit www.principal.com.my.

Disclaimer: You are advised to read and understand the relevant Prospectus, and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) before Investing. Among others, you should consider the fees and charges involved. The registration of the relevant Prospectus, and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) with the Securities Commission Malaysia (SC) does not amount to nor indicate that the SC recommends or endorses the funds. A copy of the relevant Prospectus, and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) may be obtained at our offices, distributors or our website at www.principal.com.my. The issuance of any units to which the relevant Prospectus, and/or Disclosure Document relates will only be made on receipt of an application referred to in and accompanying a copy of the relevant Prospectus, and/or Disclosure Document. Please be advised that investment in the relevant unit trust funds, wholesale funds and/ or private retirement scheme carry risk. An outline of the various risk involved are described in the relevant Prospectus, and/or Disclosure Document. As an investor you should make your own risk assessment and seek professional advice, where necessary. Securities Commission Malaysia does not review advertisements produced by Principal.

About Principal Malaysia

Principal Asset Management Berhad (Principal Malaysia), is a joint venture between Principal Financial Group®, a member of the FORTUNE 500® and a Nasdaq-listed global financial services company and CIMB Group Holdings Berhad, one of Southeast Asia’s leading universal banking groups.   

Established on 13 June 1994, it is headquartered in Malaysia with footprint across Indonesia, Thailand, and Singapore. In Malaysia, the company serves more than 3 million investors with unit trusts, retirement schemes, discretionary mandates, and asset management solutions to help make financial security accessible to more investors. 

Principal Malaysia is committed to expanding the population of those living in financial security, doing so through long-term, responsible actions, and creating opportunities for generations to come.

For more information, please visit www.principal.com.my or follow us on www.facebook.com/PrincipalAssetMY/.

Principal®, Principal and symbol design are trademarks and service marks of Principal Financial Services, Inc. a member of the Principal Financial Group®.