Principal Asset Management’s AUM rises 5.1% to RM92.6b at end-2020


Principal Malaysia CEO Munirah Khairuddin said: “Our total dividend distribution for conventional and Shariah-compliant unit trust funds was RM844,265,633. "

KUALA LUMPUR: The Principal Asset Management Bhd group recorded a 5.1% increase in assets under management (AUM) of RM92.6bil as at Dec 31 last year from RM88.10bil in 2019.

The group comprised of Principal Asset Management Bhd and Principal Islamic Asset Management Sdn Bhd in Malaysia, PT Principal Asset Management in Indonesia, Principal Asset Management Company Ltd in Thailand and Principal Asset Management Pte Ltd in Singapore.

The CEO of Principal Asset Management Asean, Juan Eyzaguirre said last year, the group’s primary focus was helping customers navigate through the challenging times, as well as maintaining their confidence and trust in its capability to manage their investments.

He said the group recorded a healthy growth in AUM over the past year, reflecting the customers’ faith in the group.

For Malaysia, Principal Malaysia CEO Munirah Khairuddin said throughout 2020, the company remained committed to helping its customers manage their fund portfolio.

“Our total dividend distribution for conventional and Shariah-compliant unit trust funds was RM844,265,633.

“As we look at 2021 from investor’s perspective, we recommend equities over fixed income. We remain positive on Asian equities favouring China and more developed Asian economies on a 12-month basis.

“We added more Asean funds in anticipation of a broader economic recovery which would be strengthen by the greater availability of Covid-19 vaccines by mid-2021, ” she said.

As of December 2020, Principal Malaysia has 79 funds including both conventional and Islamic funds, two exchange traded funds and 10 private retirement scheme funds (PRS). Its PRS membership rose to over 100,000 since its inception in 2012.

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