According to Principal Financial, “the new fund seeks to achieve capital growth by investing primarily in global emerging market equities that are well-managed and undervalued, and that have improving profit expectations and a rising share price relative to the market.”
“This new fund appeals to investors looking for an unconstrained approach from a stock, country and sector perspective, resulting in high active share and driving exposure to growth and momentum,” said Mike Beer, president and CEO of Principal Funds. “The investment team focuses strictly on screened securities, ranking them as a team and looking at individual company characteristics rather than focusing on a benchmark.”
Launched Jan. 23, 2015, the fund is managed by Origin Asset Management, an owner-managed investment boutique established in 2005 and based in London. Origin specializes in the construction of global equity, global small-cap, global emerging market and international equity portfolios for institutional clients. The firm’s global investment team averages more than 20 years of investment experience.
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