{"id":19538,"date":"2021-12-15T09:15:00","date_gmt":"2021-12-15T09:15:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/12\/15\/principal-introduces-first-local-domiciled-esg-asian-income-and-allocation-strategies-to-hong-kong-market\/"},"modified":"2021-12-15T09:15:00","modified_gmt":"2021-12-15T09:15:00","slug":"principal-introduces-first-local-domiciled-esg-asian-income-and-allocation-strategies-to-hong-kong-market","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/12\/15\/principal-introduces-first-local-domiciled-esg-asian-income-and-allocation-strategies-to-hong-kong-market\/","title":{"rendered":"Principal introduces first local-domiciled ESG Asian Income and Allocation Strategies to Hong Kong Market"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>HONG KONG SAR &#8211; <a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a> &#8211; 15 December 2021 &#8211; Principal<br \/>\nHong Kong (&#8220;Principal&#8221;) announced the launch of the <b>Principal Sustainable<br \/>\nAsian Income Fund <\/b>today and the upcoming <b>Principal Sustainable Asian<br \/>\nAllocation Fund (New Funds) <\/b>under the Principal Prosperity Series. These<br \/>\nfunds are SFC authorized and placed on their &#8220;list of green and ESG funds&#8221; <sup>#<\/sup>. This enables retail investors to gain<br \/>\naccess to the first-to-market local-domiciled ESG Asian income and allocation<br \/>\nstrategies, which may be part of the income solutions for pre- and<br \/>\npost-retirement. \u00a0<\/p>\n<p>\u00a0<\/p>\n<p>&#8220;Enhancing retirement protection with potential<br \/>\nregular dividend paying investment products may help sustain the living<br \/>\nstandards of retirees enabling them to feel more financially secure,&#8221; said Mr.<br \/>\nDerek Ching, CEO of Principal Investment &amp; Retirement Services Limited.<\/p>\n<p>\u00a0<\/p>\n<p>The New Funds aim to provide capital growth and income<br \/>\nover medium to long term by investing in Asia Pacific companies<br \/>\nthat are <b>environmental, social and governance (ESG) <\/b>Leaders<sup>+<\/sup>.<br \/>\nThey utilize a <b>Best-In-Class<\/b> strategy<sup>^<\/sup> with the portfolio<br \/>\nbeing 100% ESG screened. <\/p>\n<p>\u00a0<\/p>\n<p class=\"Default\">&#8220;At<br \/>\nPrincipal, our investment capabilities in ESG<br \/>\nhave been building for over two decades.&#8221; said<br \/>\nMr. Ching. &#8220;Sustainable investing is becoming a more important consideration<br \/>\nfor investors. Our New Funds are Asian<br \/>\nfocused ESG funds with 100% ESG screening. Investing in ESG does not mean that<br \/>\ninvestors need to sacrifice investment returns. In fact, the performance<br \/>\nof ESG indices may outperform non-ESG traditional indices.&#8221;\u00a0 <\/p>\n<p>\u00a0<\/p>\n<p>These New Funds<br \/>\ndomiciled in Hong Kong with relatively low to medium risk level are available<br \/>\nfor investment from both local and Greater Bay Area (GBA) mainland residents. As<br \/>\na southbound stream of GBA&#8217;s Wealth Management Connect, these New Funds may help<br \/>\ncapture the business opportunities with unique fund features not currently<br \/>\noffered in the market. The New Funds come with different share classes which<br \/>\ninclude Income Plus Class Units that target higher potential monthly yields for<br \/>\nthose investors trying to match desired income levels. \u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0&#8220;We keep<br \/>\ninnovating to empower customers along their retirement journey. By introducing<br \/>\nthe new ESG income funds, we strive to bring more diversified products for our<br \/>\nclients to generate possible passive income and help them achieve their<br \/>\nfinancial goals. At the same time, we help them align their investments with<br \/>\nthe environmental and social values they&#8217;re concerned with. Together, we wish<br \/>\nto safeguard the sustainability of our clients&#8217; interests for future<br \/>\ngenerations to come.&#8221; Mr. Ching added. \u00a0<\/p>\n<p>Notes:<\/p>\n<p>~ Principal<br \/>\nSustainable Asian Income Fund and Principal Sustainable Asian Allocation Fund<br \/>\nare on the list of green and ESG funds, and currently they are the only Hong<br \/>\nKong domiciled funds classified as Asian Income and\/or Allocation Strategies,<br \/>\nplease details please refer to <a href=\"https:\/\/www.sfc.hk\/en\/Regulatory-functions\/Products\/List-of-green-and-ESG-funds\">https:\/\/www.sfc.hk\/en\/Regulatory-functions\/Products\/List-of-green-and-ESG-funds<\/a><\/p>\n<p># The list of green and ESG funds does not<br \/>\nconstitute an official recommendation of these products or a guarantee of their<br \/>\ngreen or ESG attributes or related performance.<\/p>\n<p>+ Principal Asset<br \/>\nManagement Company (Asia) Limited (the Manager) will assign ESG scorings on<br \/>\npotential companies\/issuers by using a proprietary ESG methodology.<br \/>\nCompanies\/issuers which are in the higher Quartile 1 or 2 within their<br \/>\nrespective sectors based on ESG scores as ranked by the Manager&#8217;s internal<br \/>\nrating system, or have a minimum MSCI ESG rating of BBB will be considered to<br \/>\nbe ESG leaders.<\/p>\n<p>^ The Manager adopts a best-in-class strategy under which the Manager<br \/>\nwill screen all securities investable by the Sub-Fund (including ETF and CIS)<br \/>\nwith the aim of identifying ESG leaders and ESG-focused ETF\/CIS.<\/p>\n<h6>Investments involve risks. This material is intended<br \/>\nfor general reference only. There is no assurance on investment returns and you<br \/>\nmay not get back the amount originally invested. \u00a0Dividend is not guaranteed. SFC authorization<br \/>\ndoes not mean the product is suitable for you or any particular investor. You<br \/>\nshould read the relevant offering document (including the key facts statement)<br \/>\nof the funds for further details including the risk factors.<\/h6>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-12-15\/111429\/principal-introduces-first-local-domiciled-esg-asian-income-and-allocation-strategies-to-hong-kong-market\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG SAR &#8211; Media OutReach &#8211; 15 December 2021 &#8211; Principal Hong Kong (&#8220;Principal&#8221;) announced the launch of the Principal Sustainable Asian Income Fund today and the upcoming Principal Sustainable Asian Allocation Fund (New Funds) under the Principal Prosperity Series. These funds are SFC authorized and placed on their &#8220;list of green and ESG &hellip;<\/p>\n","protected":false},"author":1,"featured_media":19539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19538"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19538"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19539"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}