Principal Global Investors Funds - Preferred Securities Fund I Hedged Inc AUD
ISIN IE00B2NGK318 / Valor 3707035
Principal Global Investors Funds - Preferred Securities Fund I Hedged Inc AUD
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The Principal Preferred Securities Fund invests in a diversified array of preferred securities issued by senior financial institutions. Its portfolio includes junior-subordinated capital instruments such as contingent convertible (CoCo) bonds and non-convertible preferred shares (NoCos). The fund targets securities that offer attractive yields, many of which are callable, providing opportunities for higher income. By focusing on preferreds that are currently undervalued compared to their historical standards, the fund aims to take advantage of yield differentials and market inefficiencies within the preferred securities market.
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