Articles from Principal Asset Management

Principal Asset ManagementSM, the investment management unit of Principal Financial Group®, appointed Matthew Peron as Deputy CIO of Equities and Portfolio Manager, a newly established role aimed at further strengthening the equities platform, optimizing performance, and fostering innovation across global equity strategies at Principal.

Principal Asset Management℠ announced the launch of the Principal Capital Appreciation Select ETF (LCAP). This ETF will be managed by Principal Edge, an investment team within Principal Asset Management overseeing $21.1 billion in AUM1. With ongoing market volatility, the case for active equity ETFs — particularly those with large-cap U.S. exposure — is growing stronger. Unlike passive strategies, active management provides the flexibility to navigate uncertainty, identify undervalued opportunities, and seek to mitigate downside risks.

Principal Asset Management℠, the investment management unit of Principal Financial Group®, reached the final investor close on February 28 for its Principal Data Center Growth & Income Fund (the Fund), which is dedicated to the development of a portfolio of hyperscale data center projects across the United States. The Fund raised $3.64 billion, well in excess of the target from a diverse global investor base. This is the third discretionary data center-focused vehicle by Principal.

Principal Asset Management℠ has hired industry leader, Brant Wong, as head of retirement solutions to lead the expansion and strategic growth of the company’s retirement investment franchise to meet the evolving needs of plan sponsors and participants.

Principal Asset Management℠, the investment management unit of Principal Financial Group®, announced today Pensions & Investments named the firm 2024 Best Place to Work in Money Management. This is the 13th consecutive year Principal has been recognized as a best place to work in the “largest employers” category, earning the recognition every year since the program’s inception.

Principal Asset Management℠ announced today that two European real estate core property strategies received 5-star ratings and its U.S. real estate core strategy received a 4-star rating from the Global Real Estate Sustainability Benchmark (GRESB) for 2024. The ratings place all three strategies in the top 40% and two in the top 20% of GRESB participants worldwide1 and demonstrates the firm’s long-standing commitment to integrate sustainability standards into its real estate investment practices while pursuing positive financial results for clients.

Principal Asset Management℠ today announced the launch of its new private infrastructure debt capability (the capability) and the hiring of Mansi Patel as senior managing director, head of infrastructure debt to lead its launch and implementation. This new capability adds to the firm’s long-standing expertise in public listed infrastructure, real estate debt, and alternative credit.

Principal Asset ManagementSM announced today that George Maris is joining the firm as chief investment officer and global head of equities ($221.2 billion in AUM1). In this role, he’ll take on leadership responsibilities across the equities’ platform, including managing 126 investment professionals across global investment centers. Maris will also serve as a named portfolio manager on international equity strategies.