Principal closes 2020 with RM92.6 billion in AUM

By ANIS FARHANAH MALEK
anisfarhanah@dagangnews.com

KUALA LUMPUR 27 Jan. - The Principal Asset Management Berhad Group of companies (Principal Asset Management Group) today reported RM92.6 billion in assets under management (AUM) as of December 2020.

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

Chief Executive Officer of Principal Asset Management ASEAN, Juan Eyzaguirre said its 2020 primary focus was helping their customers navigate through the challenging times, as well as maintaining their confidence and trust in its capability to manage their investments. 

“We are thankful for the faith they placed in us, which led to a healthy growth in our assets under management, from RM88.1 billion in 2019 to RM92.6 billion in 2020. 

“We will continue to put our customers at the center of everything we do, to meet their changing needs and expectations. Connecting to our customers digitally is key to every market we serve,” said him in a statement today.

In Malaysia, Principal Asset Management Berhad (Principal Malaysia) continues to uphold its position as one of the leading asset management firms.

Chief Executive Officer of Principal Malaysia, Munirah Khairuddin said they remained committed to helping its customers manage their fund portfolio throughout last year.

“Our total dividend distribution for conventional and shariah-compliant unit trust funds was RM844,265,633.61.  

“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,” said her in the same statement.

As of December 2020, Principal Malaysia has a total of 79 funds including both conventional and Islamic funds, two Exchange Traded funds and 10 Private Retirement Scheme funds (PRS).

Its PRS membership grew to over 100,000 since its inception in 2012. – DagangNews.com