Principal Financial Expands Private-Market Retirement Program

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โดย Zacks Investment Research·US·Read original
Summary · why it matters

Principal Financial Group has expanded its Featured Partner Program to make private-market investments more accessible within defined-contribution retirement plans, a move that should strengthen its Retirement and Income Solutions business. The program brings together asset managers, trust companies, and fiduciaries to develop collective investment trust (CIT)-based solutions that combine public and private assets, including for target-date funds, target-risk funds, and managed accounts. The expansion includes major private-market managers such as AllianceBernstein, Apollo, Ares, Blackstone, Blue Owl, Carlyle, KKR, Morgan Stanley Investment Management, and Partners Group. This initiative could drive asset and fee growth by attracting more retirement assets into CITs and other professionally managed solutions, while deepening relationships with plan sponsors. Principal Financial shares have gained 39.9% in the past year, outperforming the industry's 7.4% growth, and the company currently holds a Zacks Rank #3 (Hold).

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Principal Financial Group Inc
PFG
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Principal expanded its Featured Partner Program to bring private-market CIT solutions into retirement plans, deepening plan-sponsor relationships and attracting more retirement assets.

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