Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Principal Funds Flourish After WM Merger Not Rated 3.6 Email Routing List Email & Route  Print Print
Thursday, May 31, 2007

Principal Funds Flourish After WM Merger

Reported by Erin Kello

Principal Financial has become a force in the fund world following its purchase of Washington Mutual's WM Advisors last year. As a result of the merger, Principal Funds more than doubled in size, now offering 48 funds with $53 billion AUM as of the end of 2006.

The acquisition added infrastructure, scale and established distribution to Principal," Debra Ramsey, president of Principal Funds Distributor, told The MFWire.

Ramsey knows this well as she was president of WM Funds Distributor and WM Shareholder Services before joining Principal following the merger.

Principal's expanded fund line-up from the merger features Strategic Asset Management (SAM) portfolios (target-risk) and LifeTime Funds (target date).

The asset allocation in these portfolios is what makes them special. "What makes Principal Funds different is asset allocation expertise," Ramsey says.

Principal Funds also give investors that may have as little as $1,000 to invest access to institutional classes they typically could not get.

Principal is not just another fund company, though. It has won numerous accolades for its charity work and treatment of its employees. It was recently recognized by Ethisphere Magazine as one of the "World's Most Ethical Companies."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.6
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use