Principal Asset Management Group closes 2020 with RM92.6 billion in AUM
The Principal Asset Management Berhad Group of companies (“Principal Asset Management Group”) today reported RM92.6 billion in assets under management (AUM) as of December 2020. The Principal Asset Management Group comprised of Principal Asset Management Berhad and Principal Islamic Asset Management Sdn Bhd in Malaysia, PT Principal Asset Management in Indonesia, Principal Asset Management Company Limited in Thailand and Principal Asset Management Pte Ltd in Singapore.
Juan Eyzaguirre, CEO of Principal Asset Management ASEAN said, “In 2020, our primary focus was helping our customers navigate through the challenging times, as well as maintaining their confidence and trust in our capability to manage their investments. We are thankful for the faith they placed in us, which led to a healthy growth in our assets under management, from RM88.1 billion in 2019 to RM92.6 billion in 2020. He added, “We will continue to put our customers at the center of everything we do, to meet their changing needs and expectations. Connecting to our customers digitally is key to every market we serve.”
In Malaysia, Principal Asset Management Berhad (“Principal Malaysia”) continues to uphold its position as one of the leading asset management firms. Munirah Khairuddin, Chief Executive Officer of Principal Malaysia said, “Throughout 2020, we remained committed to helping our customers manage their fund portfolio. Our total dividend distribution for conventional and Shariah-compliant unit trust funds was RM844,265,633.61. As we look at 2021 from investor’s perspective, we recommend equities over fixed income. We remain positive on Asian equities favouring China and more developed Asian economies on a 12-month basis. We added more ASEAN funds in anticipation of a broader economic recovery which would be strengthen by the greater availability of COVID-19 vaccines by mid-2021.”
As of December 2020, Principal Malaysia has a total of 79 funds including both conventional and Islamic funds, 2 Exchange Traded funds and 10 Private Retirement Scheme funds (PRS). Its Private Retirement Scheme (PRS) membership grew to over 100,000 since its inception in 2012.
Principal Malaysia achieved prestigious recognitions, grabbing two individual awards at The Edge-Thomson Reuters Lipper Fund Awards 2020, Morningstar Award 2020, and nine individual awards for Fundsupermart’s Recommended Unit Trusts 2020/21. In addition, the firm received recognition from the Alpha Southeast Asia Awards 2020 for Best Asset Manager (Money Market and Balanced Funds), and Best Absolute Return Strategy.
The recognition in these prestigious awards is testament to the firm’s professionalism, industry knowledge and excellence in asset management. Backed by its experienced global and regional investment team and continual solid execution of the firm philosophy to help foster a world where financial security is accessible to all Malaysians, Principal Malaysia will continue to deliver strong and consistent risk-adjusted return track record.