Principal Global Investors (PGI) today announced that its Global Opportunities Equity Fund (the Fund) has been upgraded to ‘Recommended’ by leading investment research house, Lonsec.
Grant Forster, CEO of Principal Global Investors Australia, said that the Fund’s upgraded rating highlighted the effective blend of qualitative and quantitative processes in the Fund’s strategy and the portfolio management team as key strengths.
“The specialist capabilities of the team have been critical in evolving the Fund strategy’s investment process, which plays an integral part in framing the research and decision-making of this Fund.
“In an environment of low returns, the Fund provides local investors with access to global equity securities from both developed and emerging markets while actively managing the downside risk of equities investment to deliver lower volatility of returns,” said Mr Forster.
According to Lonsec, the Fund’s ‘core’ investment style coupled with the diversity in the number of stocks (60 to 100 names) held make the Fund suitable as a cornerstone ‘growth asset’ in a diversified and balanced portfolio.
Mr Forster concluded by saying the ‘recommended’ rating not only recognised the Fund but also the capability of PGI’s global equities offering.
“PGI consistently offers best-in-class specialised focus in a number of key global asset classes, including global equities,” he concluded.
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