“Our investment philosophy focuses on quality and growth with a strong emphasis on thematic tailwinds.
“Global listed property remains an attractive, risk adjusted investment opportunity as the structural challenges in the sector (as seen through the significant dislocation in GREIT valuations in the past year) provides a perfect market for active managers to capture alpha as part of a diversified portfolio.”
The Principal Global Real Estate Securities strategy aimed to outperform the FTSE EPRA Nareit Developed Index and was focused on “exploiting” mispricing at a stock level by conducting detailed, bottom-up fundamental research and identifying where expectations differed from consensus.