Key Takeaways
- • Principal Global Real Estate Securities Fund, Institutional (Class I: POSIX) received the Lipper Fund Award for best global real estate fund over the 10-year period, marking the second consecutive year winning this designation.
- • The fund, which manages over $3 billion in assets, achieved this recognition based on consistently strong risk-adjusted performance across three-, five-, and ten-year periods relative to peer funds.
- • Principal Real Estate Investors, the fund's manager, oversees $74.3 billion in total commercial real estate assets and employs a 13-person globally dispersed team covering over 400 listed property securities.
- • The fund's portfolio management team—Kelly Rush (Chief Investment Officer), Simon Hedger, and Anthony Kenkel—has remained stable since inception, providing continuity through volatile market cycles over the past decade.
- • The fund previously won the Lipper Award for the 5-year period in 2013, 2014, and 2015, demonstrating sustained outperformance across multiple time horizons.
Summary
Principal Global Investors has earned recognition from REFINITIV US's Lipper Fund Awards for exceptional long-term performance in global real estate investing. The Principal Global Real Estate Securities Fund, Institutional (Class I: POSIX) was named the best global real estate fund over the 10-year period, securing this award for the second consecutive year. The recognition reflects the fund's ability to deliver consistently strong risk-adjusted returns relative to peer funds across multiple performance measurement periods.
Managing over $3 billion in assets, the fund is positioned within Principal Real Estate Investors' broader platform, which sub-advises or directly manages $74.3 billion in commercial real estate assets globally. The fund's core management team—Kelly Rush (Chief Investment Officer of Global Real Estate Securities), Simon Hedger, and Anthony Kenkel—has managed the fund since its inception, providing portfolio continuity through a period marked by significant volatility in global real estate markets. This management stability is supported by a dedicated staff of 13 globally dispersed listed property professionals who maintain research coverage of over 400 securities.
The fund's track record extends beyond the current 10-year award. It previously captured the 5-year Lipper Award in 2013, 2014, and 2015, underscoring sustained outperformance across multiple time horizons and market conditions. According to Kelly Rush, the past decade presented "a wide range of returns" in global real estate stocks, and the award validates the team's ability to navigate these dynamic conditions through disciplined research-based investment processes. Mike Beer, President and CEO of Principal Funds, characterized the recognition as validation of the "team-oriented, research-based investment process" and evidence of Principal's competitive global investment management capabilities in the real estate asset class.
Managing over $3 billion in assets, the fund is positioned within Principal Real Estate Investors' broader platform, which sub-advises or directly manages $74.3 billion in commercial real estate assets globally. The fund's core management team—Kelly Rush (Chief Investment Officer of Global Real Estate Securities), Simon Hedger, and Anthony Kenkel—has managed the fund since its inception, providing portfolio continuity through a period marked by significant volatility in global real estate markets. This management stability is supported by a dedicated staff of 13 globally dispersed listed property professionals who maintain research coverage of over 400 securities.
The fund's track record extends beyond the current 10-year award. It previously captured the 5-year Lipper Award in 2013, 2014, and 2015, underscoring sustained outperformance across multiple time horizons and market conditions. According to Kelly Rush, the past decade presented "a wide range of returns" in global real estate stocks, and the award validates the team's ability to navigate these dynamic conditions through disciplined research-based investment processes. Mike Beer, President and CEO of Principal Funds, characterized the recognition as validation of the "team-oriented, research-based investment process" and evidence of Principal's competitive global investment management capabilities in the real estate asset class.
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