Principal Asset Management Bhd launch new ESG fund

Principal Asset Management Bhd launched the Principal Global Sustainable Growth Fund that allows investors to invest in an Environmental, Social, and Corporate Governance focused capital growth fund. For 3 months, CIMB Bank Berhad and CIMB Islamic Bank Berhad have been considered as the exclusive bank distributor for the Global Sustainable Growth Fund. The Fund feeds into the Schroder International Selection Fund Global Sustainable Growth (Target Fund) which is managed by Schroder Investment Management. The Target Fund seeks to provide capital growth by investing in shares of companies worldwide that embrace strong Environmental, Social, and Corporate Governance (ESG) values in their businesses that are in a better position to perform superior growth and stable long-term returns.