City Super hands mandate to Principal
City Super has awarded a mandate to Principal Global Investors.
The mandate will be invested in the Principal Global Strategic Income Fund — a diversified fixed income fund.
Confirming the mandate, City Super chief executive Ian Prowse said he believed the Principal Global Strategic Income Fund would provide City Super with a positive exposure to higher yielding securities.
He said the selection of Principal had been based on the fund’s focus on investment strategy development and manager and portfolio selection.
AUTHOR
Mike Taylor
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