Principal Asset Management's AUM up 5.1% y-o-y to RM92.6b in 2020
Syahirah Syed Jaafar / theedgemarkets.com January 27, 2021 18:07 pm +08 Munirah: As we look at 2021 from investor’s perspective, we recommend equities over fixed income. (Photo by Principal Asset Management) KUALA LUMPUR (Jan 27): The Principal Asset Management Bhd group of companies said today it reported RM92.6 billion in assets under management (AUM) as of December 2020, up 5.1% from RM88.1 billion in 2019. The Principal Asset Management group comprises Principal Asset Management Bhd and Principal Islamic Asset Management Sdn Bhd in Malaysia, PT Principal Asset Management in Indonesia, Principal Asset Management Company Ltd in Thailand and Principal Asset Management Pte Ltd in Singapore. In Malaysia, Principal Asset Management (Principal Malaysia) has a total of 79 funds including both conventional and Islamic funds, two Exchange Traded funds and 10 Private Retirement Scheme (PRS) funds as of December 2020. Its PRS membership grew to over 100,000 since its inception in 2012. “...
