Principal fund named best global real estate fund over past 10 years at Lipper Fund Awards from REFINITIV US
Principal Global Investors has been awarded a Lipper Fund Award from REFINITIV US for the Principal Global Real Estate Securities Fund, Institutional (Class I: POSIX). These awards recognize funds and fund management firms for their consistently strong risk-adjusted 3-, 5-, and 10-year performance relative to their peers. Principal Global Real Estate Securities Fund, Institutional was named the best global real estate fund over the 10-year period. This is the 2nd straight year the fund has won the award for the 10-year period. The fund previously received the 5-year period award for the years 2013, 2014, and 2015.
“Our primary focus as managers is to assist investors in reaching their financial goals. Winning this award provides evidence we have accomplished our primary objective,” said Kelly Rush, chief investment officer of global real estate securities at Principal Real Estate Investors and one of the fund’s portfolio managers. “In the past ten years, global real estate stocks have experienced a wide range of returns and I am proud of our team’s ability to successfully navigate these dynamic market conditions.”
The over $3 billion fund is managed by Principal Real Estate Investors, which sub-advises or manages $74.3 billion in commercial real estate assets1. Simon Hedger and Anthony Kenkel join Rush in managing the fund, having done so since inception. They are supported by a fully dedicated staff of 13 globally dispersed, listed property professionals with coverage of over 400 securities.
“Receiving this award validates the team-oriented, research-based investment process by Kelly and team,” said Mike Beer, president and CEO of Principal Funds. “The continued success of this fund showcases our global investment management capabilities.”
Lipper, a leading global research firm, presented the awards at a March 7 ceremony in New York City. The Lipper Fund Awards, from REFINITIV 2019 US program honors funds that have excelled in delivering consistently strong, risk-adjusted performance relative to peers.
1 As of December 31, 2018.
About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $74.3 billion in commercial real estate assets. The firm's real estate capabilities include both public and private equity and debt investment alternatives (as of December 31, 2018). Principal Real Estate Investors is a dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®. Principal Real Estate includes the companies of Principal Real Estate Investors LLC and Principal Real Estate Europe Limited.
About the Principal Global Investors
Principal Global Investors® leads global asset management at Principal®. As a multi-boutique firm, we bring a focused perspective and offer expertise across a host of asset classes.
At our core, we are driven by our purpose to help investors and businesses achieve their financial goals. Our global investment professionals deliver investment solutions for public and private pension funds, foundations and endowments, central banks, insurance companies, sub-advisory arrangements, sovereign wealth funds and individual portfolios.
Principal Global Investors manages approximately $412.7 billion in assets on behalf of over 800 institutional clients located in over 80 countries as well as retirement plans and individual clients, reflecting our worldwide market reach and experience and our commitment to high-quality research and service (as of December 31, 2018). To find out more, visit us at principalglobal.com.
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