Bringing you live news and features since 2006 

Money stack

Principal Global Diversified Income Fund tops USD1b in less than two years


The Principal Global Diversified Income Fund, launched December 2008 by Principal Funds, recently surpassed USD1bn in assets.

Less than three per cent of all funds registered at that time have reached the USD1bn milestone.

"Our diversified approach – by asset class, by manager, by geography – in building this fund is resonating with advisors and investors," says Mike Finnegan, portfolio adviser and Principal Funds chief investment officer. "We’re pleased with the fund’s growth, which we view as an affirmation of our strategy that seeks to maximise yield with a keen eye on risk."

The fund is also one of the top ten funds, based on sales, within Morningstar’s World Allocation category.

"We’ve been pleased with the fund," says Don DeWaay, chairman and chief executive of DeWaay Capital Management. "Being able to provide yield to investors in these challenging economic times is very attractive, especially with a tactical, multi-manager and multi-sector diversification model."

Latest News

Short and leveraged ETP issuer, Leverage Shares, has announced that the positive yields on its range of inverse products have..
Global X ETFs has announced the launch of four China-related funds on London Stock Exchange: The Global X China Electric..
Fineqia International Inc has announced that its subsidiary, Fineqia AG, has received approval of its base prospectus by the Liechtenstein..
F/m Investments has announced the launch of five new single-bond ETFs, completing the full suite of offerings within the US..

Related Articles

Vishal Kapoor, Bandhan Mutual Fund
ETF Express reported on a couple of ETF launches in India over the last couple of weeks, including the new...
ETF Awards
We are very pleased to bring you the winners in the 13th outing of the ETF Express European ETF Awards,...
Off the Record Episode 1
ETF Express is pleased to announce the launch of Off the Record, a new podcast series, in partnership with Truss...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by