Principal Global Investors has announced the launch of its first interval fund, the Principal Diversified Select Real Asset (DSRA) fund, which primarily invests in private real assets, including infrastructure, natural resources and real estate.
The fund is an extension of Principal Global Investors’ asset allocation boutique, Principal Portfolio Strategies, which manages multi-asset and multi-manager strategies and helps to solve investors’ need for income, diversification and inflation protection.
Interval funds, which have grown to more than $27 billion in assets under management, provide investors with exposure to less liquid investments, while granting managers greater flexibility to invest in private, nonlisted assets typically aligned with longer-term investment goals.
Exposure to real assets provide investors with differentiated return streams offering the potential for enhanced risk-adjusted returns and income through various market cycle environments.
