The firm names Kirk West in a new role as head of international offices. He also replaces Andrea Muller temporarily as Asia chief as she relocates to the US, but he will seek a new Asia CEO as well as more third-party resources.
The US fund house has applied for a renminbi qualified foreign institutional investor licence and is talking up its parent's China joint venture, despite difficulties encountered by other mainland JVs.
Emerging markets that embrace reform seen to be converging with developed economies in the near term, finds Principal Global Investors' annual worldwide poll of asset owners.
Principal Global Investors has been meeting distributors to discuss them selling its funds in mainland China, having made several recent senior appointments.
Principal Global Investors is boosting its Asia sales team with an eye on China's RQFII programme and the mutual recognition programme between Hong Kong and the mainland.
More than half of global pension funds are forecast to be invested in real assets by the end of this year. Asians are leading the charge into real estate, finds Principal Global Investors.
Asia CEO Andrea Muller stresses the firm’s globally integrated approach after 11 quit its emerging markets team. More hires are planned, notably in Hong Kong and China.
Principal Global Investors says its nine-year-old preferred securities fund is gaining assets among sophisticated European and Asian investors amid post-crisis regulatory change.
The firm may apply for up to Rmb300 million to provide an A-share strategy in a QIF structure out of Dublin. It also plans to apply for a type-1 licence in Hong Kong, where it is eager to add resources.
Of 35 innovations widely adopted since 2002, just five delivered value, a global study finds. Pension plans and asset managers discuss the lessons to be learned.