Principal launches fixed income fund

Principal Global Investors is offering investors a Dublin-domiciled Strategic Fixed Income fund. The product investment objective is to achieve a return for investors of 3% pa gross in excess of the three-month Libor rate over a three-year period. The minimum investment for the fund is $10,000 or the sterling or euro equivalent. The product has no initial charge and an annual management fee of 1.15%. Intermediary commission is negotiable. Rob da Silva, Zeid Ayer and Craig Dawson co-manage the portfolio, using Principal's affiliates the Post Advisory Group and Spectrum Asset Management t...