KUALA LUMPUR, 17 September 2021 – Principal Asset Management Berhad (Principal) recently launched the Principal Global Sustainable Growth Fund (Fund). We have listened to our investors for the need to invest in sustainable and responsible solutions. The Fund will allow investors in Malaysia to invest in an Environmental, Social and Corporate Governance (ESG)-focused capital growth fund.
According to Munirah Khairuddin, CEO of Principal Asset Management, “The launch of Principal Global Sustainable Growth Fund reflects our commitment to respond to the growing consciousness around sustainability issues in Malaysia. It is also part of our continuous efforts to develop innovative solutions that build, protect and advance the financial well-being of our customers, whilst helping the people and the planet at the same time.”
“In today’s fast-evolving world, we have been seeing increased interest in ESG funds that deliver positive impact whilst generating returns. This is reflected in the exponential growth in ESG fund assets in recent years. This is hardly surprising, given growing evidence that aligning investments with ESG values can translate to consistent outperformance over the medium to long term,” she added.
As a qualified sustainable and responsible investment fund, the Fund’s holdings, including the selection, retention, and the realisation of its investments, are subject to the ESG integration methodology that is in accordance with the United Nations Principles for Responsible Investment (UN PRI).
Principal Financial Group through Principal Global Investors (PGI) became a signatory to UN PRI since December 2010. In South-East Asia, Principal Asset Management in Malaysia, Singapore, Thailand, Indonesia and Principal Islamic Asset Management became signatories since December 2019 under Principal Asset Management (SEA).