Principal Asset Management Berhad has announced the launch of its Principal Heritage Series (Heritage Series) to the Malaysian market. The Heritage Series is a suite of three investment solutions consisting of the Principal Heritage Growth Fund, Principal Heritage Balanced Fund and the Principal Heritage Income Fund (Funds).
These Funds aim to provide Malaysians with income and capital growth to enhance their retirement savings journey. The Heritage Series will be distributed exclusively through Standard Chartered.
The Funds come in a variety of “strengths” to help customers personalise their investments to match their long-term goals and time horizons :
| Investment goal | Preference | Fund |
| Enjoy capital appreciation with potential monthly payouts | Kopi = Basic income distribution | Principal Heritage Growth Fund |
| Enjoy balanced potential monthly payouts | Kopi Gao = Moderate income distribution | Principal Heritage Balanced Fund |
| Enjoy potential monthly payouts | Kopi Gao Gao = Higher income distribution | Principal Heritage Income Fund
|
“The expansion of our offerings with the Heritage Series aims for greater retirement savings participation and access to a wealth of investment expertise, packaged in a convenient solution,” said Munirah Khairuddin, chief executive officer of Principal Asset Management.
“Each investor has a different goal, time horizon and comfort level with risk when it comes to investing”, Sammeer Sharma, head of wealth management, Standard Chartered Malaysia said. “This solution allows our investors to match their investment needs and goals based on how they want their retirement income to be, aligning risk appetites to their preferred portfolio.”
The funds will invest at least 95 percent of their respective net asset value in the corresponding Fullerton SGD Heritage Funds that are managed by Fullerton Fund Management, a subsidiary of Temasek Holdings, and a trusted investment manager for sovereign wealth funds, institutional and retail clients.
“The Heritage Series invests in assets that many investors may be familiar with, such as Asian credits, Singapore bonds, Asian stocks and Singapore REITS. The underlying Fullerton funds were well-received in the Singapore market since its launch in May 2019, and we are pleased to work with our partners to make the solutions available to Malaysian investors” said Jenny Sofian, CEO of Fullerton Fund Management.”
The Heritage Series’ base currency is the Singapore dollar and is established with Class MYR-Hedged and Class SGD. For the benefit of investors seeking income, the Heritage Series aims to make a consistent monthly payout.
