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Principal Global Unveils High Yield Fund

Principal Global Investors (PGI) has rolled out a high-yield, limited-duration debt fund.

Principal Global Investors (PGI) has rolled out a high-yield, limited-duration debt fund, Investor Daily reports. The Post Global Limited Term High Yield Fund has been set up in partnership with PGI subsidiary Post Advisory Group, a U.S. asset management firm led by founder and CIO Larry Post.

The Dublin-registered Ucits vehicle will invest in high-yield debt with an average maturity of 12-24 months. Sovereign funds in Asia and Latin America, including the Government Pension Investment Fund in Japan and the National Council SocialSecurity Fund in China, are some of PGI’s clients.

Click here for the story from Investor Daily.

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