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

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

Rating:Principal Rebrands and Refocuses a Fund Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, July 8, 2009

Principal Rebrands and Refocuses a Fund

by: Meredith Mazzilli

A regionally-focused fund has expanded its investment universe and is looking to take advantage of a wider range of investment opportunities. As of June 30, the Principal Funds’ West Coast Equity Fund no longer limits itself to companies domiciled or doing significant business in Alaska, California, Oregon and Washington and will instead pursue investments throughout the United States without geographic restrictions.

The changes to the underlying investment strategy of the fund are denoted by a new name -- the fund is now known as the Principal Capital Appreciation Fund. The newly structured fund will invest across small, mid and large cap companies in order to provide long-term growth of capital. The fund, founded in 1986, currently has assets of roughly $812 million and is one of ten large-cap strategies offered by Principal.

The change is being marketed as an opportunity to expand the fund's existing long-term investment strategy to country-wide investment opportunities. Dave Reichart, head of business development for Principal Funds, noted that "the investment philosophy behind this fund has a proven history of success. By lifting geographic restrictions on stocks the fund can hold, we’re expanding our opportunity to deliver even more value to the investor."

The West Coast Equity Fund was named "Best Multi-Cap Core Fund over 10 Years" by Lipper this April. 

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

5.0
 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