Principal Asset Management launches Principal Global Sustainable Growth Fund, offering investors an opportunity to tap into the ESG proposition
Kuala Lumpur, 15 September 2021 – Principal Asset Management Berhad (“Principal”) recently launched the Principal Global Sustainable Growth Fund (“Fund”). We have listened to our investors for the need to invest in sustainable and responsible solutions. The Fund will allow investors in Malaysia to invest in an Environmental, Social and Corporate Governance (“ESG”)-focused capital growth fund.
According to Munirah Khairuddin, CEO of Principal Asset Management, “The launch of Principal Global Sustainable Growth Fund reflects our commitment to respond to the growing consciousness around sustainability issues in Malaysia. It is also part of our continuous efforts to develop innovative solutions that build, protect and advance the financial well-being of our customers, whilst helping the people and the planet at the same time.”
“In today’s fast-evolving world, we have been seeing increased interest in ESG funds that deliver positive impact whilst generating returns. This is reflected in the exponential growth in ESG fund assets in recent years. This is hardly surprising, given growing evidence that aligning investments with ESG values can translate to consistent outperformance over the medium to long term,” she added.
As a qualified sustainable and responsible investment fund, the Fund’s holdings, including the selection, retention, and the realisation of its investments, are subject to the ESG integration methodology that is in accordance with the United Nations Principles for Responsible Investment (“UN PRI”). Principal Financial Group through Principal Global Investors (PGI) became a signatory to UN PRI since December 2010. In South-East Asia, Principal Asset Management in Malaysia, Singapore, Thailand, Indonesia and Principal Islamic Asset Management became signatories since December 2019 under Principal Asset Management (SEA).
CIMB Bank Berhad and CIMB Islamic Bank Berhad (“CIMB” or “the Bank”) has been appointed as the exclusive bank distributor for the Global Sustainable Growth Fund for a period of 3 months. CIMB customers looking to invest in the Fund, or other unit trust funds offered via CIMB, can do so by visiting any of the Bank’s branches.
Samir Gupta, CEO, Group Consumer Banking of CIMB Group said, “CIMB is pleased to partner with Principal Asset Management to be the exclusive bank distributor for the Principal Global Sustainable Growth Fund. This Fund will cater to the growing demand in ESG-compliant investments by retail investors and enable them to make more impactful and sustainable investment choices through the Fund. The addition of this Fund to our suite of offerings will further enhance our wealth proposition to our customers and we look forward to offering them with more innovative investment solutions similar to the Principal Global Sustainable Growth Fund, in the future.”
The Fund feeds into the Schroder International Selection Fund Global Sustainable Growth (“Target Fund”) which is managed by Schroder Investment Management (“Target Manager”). The Target Fund seeks to provide capital growth by investing in shares of companies worldwide that embrace strong Environmental, Social, and Corporate Governance (ESG) values in their businesses, which are in turn better placed to deliver superior growth and stable long-term returns. This is reflected in the Target Fund’s strong performance track record since its inception in 20101.
Designed with a multi-class structure, the Fund has four share classes; Class AUD-Hedged, Class MYR-Hedged, Class SGD-Hedged, and Class USD, and is priced with an initial offer of AUD 1.0000, MYR 1.0000, SGD 1.0000, USD 1.0000 per unit, respectively.
Learn more about the Principal Global Sustainable Growth Fund at www.principal.com.my or call 603-7718 3100.
About Principal Asset Management Berhad
Principal Asset Management Berhad, 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, Principal Asset Management Berhad is headquartered in Malaysia with footprint across Indonesia, Thailand and Singapore. The company serves over 1 million investors across Southeast Asia. It offers a wide variety of solutions to help more people save enough, protect enough and have enough with unit trust, retirement schemes, discretionary mandates and asset management expertise.
With innovative ideas and real-life solutions, the company helps make financial security accessible to more investors in Southeast Asia. For more information, visit www.principal.com.my or www.facebook.com/PrincipalAssetMY/.
Principal, Principal and symbol design are trademark and service marks of Principal Financial Services, Inc. a member of the Principal Financial Group®.
Disclaimer: We recommend that you read and understand the contents of the Information Memorandum for Principal Global Sustainable Growth Fund dated 13 September 2021 which has been duly registered with the Securities Commission Malaysia, before investing and that you keep the said Information Memorandum for your record. Any issue of units to which the Information Memorandum relates will only be made upon receipt of the completed application form referred to in and accompanying the Information Memorandum, subject to the terms and conditions therein. Investments in the Fund are exposed to risks. You should understand the risks, make your own risk assessment and seek professional advice, where necessary. You can obtain copies of the Information Memorandum from the head office of Principal Asset Management Berhad, our website at www.principal.com.my or from any of our approved distributors. There are fees and charges involved in investing in the funds. We suggest that you consider these fees and charges carefully prior to making an investment. Investors have the right to request for the Information Memorandum, Product Highlights Sheet (PHS) and any other product disclosure document should be read and understood before making any investment decision. Unit prices and income distributions, if any, may fall or rise. Past performance is not reflective of future performance and income distributions are not guaranteed. You are also advised to read and understand the contents of the Financing for Investments in Unit Trust Risk Disclosure Statement before deciding to obtain financing to purchase units. The registration of the Information Memorandum with the SC does not amount to nor indicate that the SC recommends or endorses the fund and the SC does not review advertisements produced by Principal.
1Source: Morningstar, Schroders, as at 31 July 2021 in USD. Target fund is represented by Schroder International Selection Fund Global Sustainable Growth A Shares. Global equities is represented by MSCI AC World Index.
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