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.
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