Principal Global Investors will start to actively market its global equities and emerging markets funds in Australia following the registration of Dublin funds last month.
“We’re ready to introduce the equities component,” Tim Dunbar, executive director global equities, said in Sydney yesterday. Principal launched a global strategic income fund in Australia over a year and a half ago and an Australian listed property trust last year. When Principal sold BT to Westpac in 2002 it entered a non-compete period for Australian equities and credit which expired mid 2004. However Dunbar said the manager had no intention of establishing an Australian equities capability soon. “It’s too competitive,” he said.
10/10/2006
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Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
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