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 October 2006 00:00
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Investments
Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.
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