Principal Asset Management Co., Ltd. Wins the Best Asset Management Company Awards at the 2023 SET Awards
Principal Asset Management Co., Ltd. (Principal) has been recognized for its outstanding achievements in the asset management industry by earning the coveted Best Asset Management Company Awards at the 2023 SET Awards. Bestowed by the Stock Exchange of Thailand and the Money & Banking Magazine, this accolade signifies Principal's unwavering commitment to delivering exceptional value to its unitholders.
Principal's CEO, Jumpon Saimala, expressed immense pride in receiving this prestigious award, acknowledging it as a testament to the company's unwavering dedication to managing its funds for the benefit of all unitholders. He further affirmed Principal's resolute commitment to continuously enhancing its performance and establishing even higher standards, thereby contributing to the growth and competitiveness of the Thai asset management industry.
The success of Principal can be attributed to its unwavering focus on three key strengths:
1. Quality Investment Products: Principal consistently delivers high-quality investment products that cater to the diverse needs of its investors. A prime example is the Principal Vietnam Equity Fund (PRINCIPAL VNEQ), which has garnered widespread acclaim among investors. Additionally, the Registered Provident Fund of Principal Target Date Retirement has earned numerous accolades at both regional and global levels.
2. Global Investment Expertise: Principal draws upon the expertise of its parent company, Principal Financial Group, a globally recognized financial services provider that holds a place in the Fortune 500 ranking.
3. Digital Channels: Principal actively embraces the digital revolution, providing its investors with seamless access to their funds through the Principal TH app. This user-friendly platform allows investors to manage their investments anytime, anywhere.
To be eligible for the award, asset management companies must demonstrate strong performance in at least two types of funds, including equity funds, fixed income funds and mixed asset funds. The company’s performance will be evaluated in terms of both quality and quantity, including average fund returns, number of funds, growth of number of funds and ability to raise funds, maintain high standards of transparency and comply with all applicable laws and regulations. The company must consistently deliver attractive returns to its unitholders, promote investment education, enhance financial literacy among investors and incorporate sustainability principles into its investment practices.
Principal’s receipt of the Best Asset Management Company Awards at the 2023 SET Awards serves as a resounding affirmation of its unwavering dedication to managing its funds for the benefit of all unitholders. The company remains steadfast in its pursuit of continuous improvement, striving to elevate its performance and establish even higher standards to contribute to the advancement and sustainability of the Thai asset management industry.