Principal has introduced two new Shariah-compliant funds, Principal Islamic Global Multi-Asset Fund and Principal Islamic Greater China Growth Fund.
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.
“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,” said Munirah Khairuddin, CEO and country head of Principal Malaysia.
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.
