Manama:ASB Capital, an asset and wealth management firm managing USD 10.2 billion, has announced the launch of the ASB Principal Multi-Asset Fund. This new initiative, in collaboration with Principal Asset Management, aims to offer investors diversified global exposure through a single investment solution.
According to Bahrain News Agency, the fund integrates investments across equities, fixed income, and private markets. It leverages ASB Capital's investment platform and client reach with Principal's global asset allocation expertise, providing a comprehensive investment strategy.
The fund's launch is part of ASB Capital's strategy to develop solutions that address clients' income, diversification, and liquidity needs. It offers access to a variety of markets and investment strategies within a managed portfolio, designed for those seeking diversified global exposure through an actively managed solution.
Rafik Nayed, Managing Director of ASB Capital, emphasized that the fund unites diverse asset classes in a responsive framework to adapt to market changes, minimizing the need for clients to manage multiple allocations.
Thomas Cheong, Executive Vice President of Principal Financial Group and President of Asia Pacific and Middle East, underlined the significance of evaluating opportunities across public and private markets to secure risk-adjusted returns. The collaboration grants ASB Capital access to Principal's global asset allocation expertise and specialized investment teams, particularly to support investors in the Middle East.
This launch broadens ASB Capital's investment offerings across public and private markets, aligning with its goal of providing managed solutions that meet clients' evolving portfolio needs.