The company said the fund aims to achieve long-term capital appreciation with an emphasis on positive total returns and relatively low volatility.
The fund combines multiple alternative strategies and specialist subadvisors to offer diversification by both strategy and manager, added the firm.
Principal Funds portfolio advisor and chief investment officer Mike Finnegan said investors today face many portfolio risks, some very familiar like risk associated with market volatility. With the market’s continuing volatility, it’s clear that traditional investment strategies aren’t always enough to provide desired returns while managing portfolio risk.
PMSAX fund is the third in a series of funds designed to provide outcome-oriented solutions for financial professionals and their clients.
Earlier in 2008 and 2010, the company has launched the Principal Global Diversified Income Fund to focus on income generation and the Principal Diversified Real Asset Fund to help manage the impact of inflation on purchasing power.
