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Article: New kids at Principal in from the wilderness.(Principal Global Investors)(Australian Principal Global Strategic Income Fund)(Brief Article)
- Article from:
- Australasian Business Intelligence
- Article date:
- March 3, 2005
- Author:
CopyrightCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mar 03, 2005 (Investor Weekly - ABIX via COMTEX)
Some of Principal Global Investors' executives were subject to an 18-month non-compete clause. Seed capital from the firm's US parent group supported the Australian Principal Global Strategic Income Fund until the clause expired in mid-2004. The fund has received five stars from Investor Web and a "recommended" rating from Zenith Investment Partners. The fund is running at close to 100 points over its target rate, with a standardised deviation of under 1.5 per cent. It has an annual management expense ratio of 80 ...