Preferred securities catching institutional interest, says US fund house
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.
Principal Global Investors says it is seeing renewed interest among wealthy and institutional investors in Asia for its preferred securities fund, with market opportunities created by post-crisis changes to regulation and rating agencies.
The Ireland-domiciled Ucits fund for non US taxpayers is sub-advised and actively managed by Spectrum Asset Management, a 25-year-old US-based boutique with $13.5 billion in AUM that was acquired by Principal Global Investors in 2001.
According…
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