Principal Asset Management Launches Islamic Fund to Provide Quarterly Income in the Asia-Pacific Ex-Japan Region

Malaysia-headquartered Principal Asset Management (Principal Asset; formerly known as CIMB-Principal Asset Management), a joint venture between Principal Financial Group and CIMB Group Holdings, has launched the Principal Islamic Asia Pacific Dynamic Income and Growth Fund (Islamic Fund), to provide quarterly income opportunities in the Asia-Pacific ex-Japan region.

According to a statement dated 4th of February 2021, Munirah Khairuddin, Chief Executive Officer of Principal Asset, noted that the Islamic Fund will provide investors with a medium to long-term investment horizon, as well as an opportunity to capitalise on the strong potential of the Asia-Pacific region. Khairuddin added that the Asia-Pacific region provided attractive growth value prospects and opportunities for...