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Principal Financial : « launches tailored EMD fund for Australian institutional market

08/01/2021 | 05:42pm EDT

About Principal Global Investors®

Principal Global Investors® leads global asset management at Principal®. As a multi-investment team firm, we bring a focused perspective and offer expertise across a host of asset classes.

At our core, we are driven by our purpose to help investors and businesses achieve their financial goals. Our global investment professionals deliver investment solutions for public and private pension funds, foundations and endowments, central banks, insurance companies, sub-advisory arrangements, sovereign wealth funds, and individual portfolios.

Principal Global Investors manages approximately US$576.8 billion in assets on behalf of over 800 institutional clients located in over 80 markets as well as retirement plans and individual clients, reflecting our worldwide market reach and experience and our commitment to high-quality research and service (as of June 30, 2021). To find out more, visit us at principalglobal.com.

About Finisterre Capital

Founded in 2002, Finisterre Capital LLP is an emerging markets specialist dedicated to delivering risk-controlled, total return investment strategies to the institutional marketplace. The firm, which has US$3.3 billion of assets under management (as of June 30, 2021) manages emerging markets funds in a variety of asset classes, including sovereign debt, local currency debt, foreign exchange, and corporate credit.

Finisterre's strategies are all meant to deliver specific and adaptive risk/return solutions to a wide range of institutional and wealth management investors, emphasizing a conviction-based and dynamic approach to investment and risk management. Alongside its core award-winning Emerging Markets Debt Total Return strategy, Finisterre manages variants of this strategy adapted to specific regulatory environments, ESG, or rating constraints, as well as income focused portfolios in U.S. dollar and euro.

Finisterre has been majority-owned by Principal® since 2011.

Vision Super is not affiliated with Principal Global Investors.

Past performance is no guarantee of future results. Investing involves risk, including possible loss of principal. Asset allocation and diversification do not ensure a profit or protect against a loss. There is no guarantee that investment objectives will be achieved or that any investment will be successful.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Investing in emerging markets has associated risks including currency risk, confiscatory taxation, nationalization of assets, possibility of expropriation, volatility, liquidity and external factors e.g. war, natural disasters. Derivatives are volatile and carry a high degree of risk, including liquidity risk. Leverage can magnify losses as well as gains. Investment in foreign currency can result in losses and values may fluctuate based on foreign exchange rates, exchange restrictions, or other actions of governments or central banks. International and global investing involves greater risks such as currency fluctuations, political/social instability, and differing accounting standards. Risk is magnified in emerging markets, which may lack established legal, political, business, or social structures to support securities markets. Emerging market debt may be subject to heightened default and liquidity risk.

Finisterre Unconstrained Emerging Market Fixed Income Strategy earned Debt Strategy of the Year ending June 30, 2020.

Pension Bridge Judging Methodology and Criteria: The fund categories are open to any funds that have institutional investors, including, but not limited to, SMAs. Judging involved two stages. The first stage is purely the quantitative elements to derive leader boards from the entries. Leader boards informed and populated the shortlists for each category, who went through to the second stage of judging where a panel of independent and impartial judges from Institutional Investors and Consultants ensure firstly that the data is correct and use their knowledge and the qualitative elements of the entry process to decide on the winners by category. All data requested is through June 2020. Quantitative elements include: Each fund's performance is measured next to the most appropriate benchmark for the 1-, 3-, and 5-year periods ending June 30, 2020 and account for 20%, 10% and 10% of the overall score, respectively. Each fund's net AUM growth in real terms and % terms as well as the number of mandates won in over the 12-month period ending June 30, 2020 account for 10%, 10% and 10% of the overall score, respectively. Calculation of returns does not take into account sales charges or 12b-1 fees, if any. Qualitative elements include ESG, innovation, key staff turnover, usage of marketing and sales materials and account for 30% of the scoring. The number of entries judged per category is not disclosed.

Third party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluation.

The views and opinions expressed are for informational and educational purposes only and may change without notice at any time based on numerous factors, such as market or other conditions, legal and regulatory developments, additional risks and uncertainties.

This document is issued in Australia by Principal Global Investors (Australia) Limited (ABN 45 102 488 068, AFS Licence No. 225385), which is regulated by the Australian Securities and Investments Commission. This document is for the relevant media channels' use only and not for distribution to the general public. The Fund is not available to retail clients and is intended primarily for Wholesale Clients. No offer of units in the Fund or invitation to subscribe for units is made to any person unless the person is a Wholesale Client for the purposes of section 761G of the Corporations Act.

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


Principal Financial Group Inc. published this content on 01 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2021 21:41:01 UTC.

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Sales 2021 14 366 M - -
Net income 2021 1 775 M - -
Net Debt 2021 - - -
P/E ratio 2021 10,2x
Yield 2021 3,79%
Capitalization 17 298 M 17 298 M -
Capi. / Sales 2021 1,20x
Capi. / Sales 2022 1,05x
Nbr of Employees 17 400
Free-Float 55,8%
Duration : Period :
Principal Financial Group, Inc. Technical Analysis Chart | PFG | US74251V1026 | MarketScreener
Technical analysis trends PRINCIPAL FINANCIAL GROUP, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 64,45 $
Average target price 70,10 $
Spread / Average Target 8,77%
EPS Revisions
Managers and Directors
Daniel Joseph Houston Chairman, President & Chief Executive Officer
Deanna D. Strable-Soethout Chief Financial Officer & Executive Vice President
Kathleen B. Kay Chief Information Officer
Elizabeth B. Happe Chief Compliance Officer & Senior Vice President
Elizabeth E. Tallett Independent Director
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