Principal Global Investors' funds are now available to Spanish investors, following the registration in Spain of the range of 10 Dublin-domiciled funds.
Spanish investors will be able to access three Standard & Poor’s AA-rated funds: Principal GIF Preferred Securities, Principal GIF Emerging Market Equity and Principal GIF European Equity. Six other A-rated offerings are also available.
The registration of these funds continues the company’s drive to expand its distribution across Europe and brings the number of locations where funds have been registered up to 10.
“Spain in recent years has developed an extraordinary increase in private wealth, with an ever-growing appetite for global investment solutions,” said Steven Brown, head of fund wholesale for Principal Global Investors Europe.
In addition to the three AA-rated and six A-rated funds available in Spain, the Principal GIF Asian Equity fund is yet to be rated by Standard & Poor’s.
Principal Global Investors manages $242.2bn in assets primarily for retirement plans and institutional clients and is part of the Principal Financial Group.
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