Overview
Introduction
Principal Asset Management Company (Asia) Limited (“PAM”) was licensed by the Hong
Kong Securities and Futures Commission to perform advising on securities, and asset
management regulated activities in November 2004. PAM utilizes a specialized investment
team strategy which enables PAM to provide an expanded range of diverse investment
capabilities through a network of specialized investment groups and affiliates. Its capabilities
encompass an extensive range of equity, fixed income, alternative investments, and asset
allocation services. PAM is an indirect wholly owned subsidiary of Principal Financial Group,
Inc. (NASDAQ: PFG).
PAM’s Services
PAM,a Registered Investment Adviser, provides investment advisory services to institutional
investors on a discretionary or non-discretionary basis, as well as offering a range of funds
that include equity, fixed income, mixed assets, and money market vehicles to pension and
retail investors. The funds are distributed, via distributors, through major financial
institutions, including retail and private banks, and insurance companies. PAM also provides
investment advisory services to institutional investors on a discretionary or non-discretionary
basis. PAM has divided its investment management operations into several distinct
investment teams including equity, fixed income,
and asset allocation. PAM may hire other
investment advisers to provide discretionary investment advisory services in a sub-advisory
capacity. These sub-advisors may be affiliated or non-affiliated.
PAM generally provides continuous investment advice based on the defined investment
strategies, objectives, and policies of its clients. This arrangement is documented through an
investment management agreement or unilateral or bi-lateral trust deed, which incorporates
investment management restrictions and guidelines developed in consultation with each
client, as well as any additional services required by the client. These restrictions and
guidelines customarily impose limitations on the types of securities that may be purchased
and the percentage of account assets that may be invested in certain types of securities.
Clients may also choose to restrict investment in specific securities or groups of securities for
social, environmental, or other reasons. PAM may also provide certain non-discretionary
services to clients, such as model portfolios.
The policies adopted by PAM may include utilizing affiliated registered investment advisers
where appropriate to fulfil their obligations.
Assets Under Management
PAM managed $11,809,533,889 in discretionary assets and $639,493,894 in non-
discretionary assets as of December 31, 2023.