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May 10, 2021

May Tong joins Principal® as portfolio manager for global asset allocation team

Principal Financial Group® announced today May Tong will join Principal Global Asset Allocation ($150 billion AUM1), the specialized global asset allocation investment team of Principal Global Investors®, as a portfolio manager. Principal® has a strong history of implementing research-driven, multi-asset class solutions including the Principal Strategic Asset Management (SAM) target risk portfolios, the Principal LifeTime target date fund series, and several other multi-managed, outcome-driven strategies to meet investor outcomes. The addition of Tong to the team will further support the firm’s efforts to meet client demand for more holistic outcome-oriented portfolio solutions.

“We’re committed to delivering long-term risk-controlled investment performance, unique investment outcomes, and differentiated offerings,” said Todd Jablonski, CFA, chief investment officer, Principal Global Asset Allocation. “May brings significant portfolio management experience solving for a variety of client outcomes including retirement income, target date, target risk, and 529 plans. Her expertise and perspective will help to guide our dynamic outcome strategies and future product offerings to help meet client needs globally.”

Tong will join portfolio managers Jessica Bush, Marc Dummer, Kelly Grossman and Ben Rotenberg in managing the firm’s $10 billion1 outcome-oriented solutions including the following flagship solutions: Global Diversified Income strategy, Diversified Real Asset strategy, and the Diversified Select Real Asset Strategy. The processes and strategies will remain unchanged. The investment team will collectively contribute to the direction of portfolios and will be further supported by the specialized multi-asset research areas within Principal Global Asset Allocation. The investment team, which collectively has more than 100 years of experience, is well-positioned to continue the success the portfolios.

 

 

 

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