Principal Global Investors' Multi-Sector Fixed Income Strategy Celebrates 20 Years Of Performance; Outperforms Benchmark Index In 17 Of Past 20 Years.Business Editors DES MOINES Des Moines, city, United States Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. , Iowa--(BUSINESS WIRE)--Feb. 26, 2003 Principal Global Investors today announced that its multi-sector fixed income strategy has reached 20 years of performance history and outperformed the benchmark Lehman Aggregate bond market index in 17 of the past 20 years.(1) The performance history can be traced to the 1983 inception of the Principal Bond & Mortgage Separate Account, a commingled bond fund for retirement plan clients. "Our performance record in fixed income is a distinction, but even more distinct is its consistency," said Gloria Reeg, executive director and global head of fixed income for Principal Global Investors. "Very few bond managers have a continuous record of this length and even fewer can cite this level of consistent performance." "Our disciplined approach to active fixed income management includes a research-intensive team-based process coupled with a relentless focus on diversification and risk management," Reeg said. About Principal Global Investors: Principal Global Investors is a diversified asset management organization and a member of the Principal Financial Group(R), with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . Principal Global Investors manages nearly $95 billion in assets for retirement plans and other institutional clients, including over $50 billion in fixed income assets. About the Principal Financial Group... The Principal Financial Group(R) (The Principal (R))(2) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance and mortgage banking through its diverse family of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies. More employers choose the Principal Financial Group for their 401(k) plans than any other bank, mutual fund, or insurance company in the United States(3). A member of the Fortune 500, the Principal Financial Group has $111.1 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. (4) and serves some 13 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors PFG PFG Principal Financial Group PFG Performance Food Group (Richmond, VA) PFG Pinnacle Financial Group PFG Plasma Flood Gun PFG Planning for Growth PFG Pasty Faced Geek PFG Perfluoroguanidine . For more information, visit www.principal.com. (1) Comparison is on a gross basis in order to better correlate with the benchmark. (2) "The Principal Financial Group" and "The Principal" are registered trademarks referring to Principal Financial Group, Inc. (3) CFO See Chief Financial Officer. Magazine, April/May 2002, based on total plans served in 2001 by insurance companies, banks and investment firms. (4) As of December 31, 2002. |
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