KUALA LUMPUR, August 4 – Principal Malaysia, a leading financial services provider, has unveiled two new Shariah-compliant funds, the Principal Islamic Global Multi-Asset Fund and the Principal Islamic Greater China Growth Fund. These additions to Principal’s investment lineup offer Malaysian investors diversified opportunities across global markets while adhering to Shariah principles. As the demand for Shariah-compliant solutions continues to grow, Principal’s new funds aim to provide investors with access to a wide range of asset classes across emerging and developed markets.
The offerings cater to various investment objectives and risk appetites, making them valuable additions to Principal’s existing suite of funds. Principal Islamic Global Multi-Asset Fund offers a diversified portfolio of Shariah-compliant equities and Sukuk, incorporating strategic and tactical asset allocations to navigate market cycles efficiently. Investors in this fund have the potential to benefit from capital growth and income over a medium to long-term horizon.
Principal Islamic Greater China Growth Fund focuses on Shariah-compliant equities of companies in the Greater China region, including the People’s Republic of China, Hong Kong SAR, and Taiwan ROC. The fund aims to identify companies displaying positive fundamental change and undervalued valuations relative to their potential for future growth, providing investors with a long-term investment opportunity for potential capital growth.
“We are committed to meeting the evolving needs of our investors, and these two new funds reflect our dedication to providing Shariah-compliant solutions that align with our clients’ goals,” said Munirah Khairuddin, CEO and Country Head of Principal Malaysia. “By leveraging our local and global asset management capabilities, we identify investment opportunities to optimize returns while managing portfolio risk.” The Principal Islamic Global Multi-Asset Fund offers three share classes for investors (Class USD, Class MYR, and Class MYR-Hedged), while the Principal Islamic Greater China Growth Fund provides five share classes (Class MYR, Class MYR-Hedged, Class USD, Class SGD, and Class SGD-Hedged).
Principal’s commitment to developing Shariah-compliant investment solutions reflects their Environmental, Social, and Governance (ESG) agenda. As the company continues to promote sustainability and inclusivity, these new funds align with their mission to empower investors with diverse and responsible financial opportunities.
