Principal launches Islamic global funds

Principal Asset Management has announced the Principal Islamic Global Selection Series, a range of three mixed-asset funds curated according to risk profiles – conservative, moderate and aggressive –that aim to provide long-term capital appreciation and income through Shariah-compliant investments in the global markets.

The funds will be managed within the target risk range of 3% to 5%, 6% to 9%, and 10% per annum, respectively. With the corresponding asset allocations to reflect the target risk, each individual fund offers different dividend payout frequencies and income.

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