Principal Malaysia has launched the Principal Nasdaq Equity Premium Income Fund, a fund that feed into J.P Morgan Asset Management’s JPMorgan Nasdaq Equity Premium income Active UCITS ETF, an actively managed outcome-oriented ETF strategy that invests in U.S.equities.
The Principal Nasdaq Equity Premium Income Fund aims to provide consistent income and prospects of long-term growth capital with lower volatility. The Fund is suitable for investors U.S large caps stocks.
Focused on delivering a consistent monthly income stream. the fund utilises dividends and options. While the potential annualised income is expected to be in the 8%-10% range, higher market volatility can lead to even greater income, all of which is distributed to investors.
The Target Fund comprises of a portfolio of equity securities of large cap companies included in the Nasdaq-100 Index and incorporates options strategy to generate income while lowering incremental income and better manages risk within portfolios as investors navigate today’s rising rare and inflationary environment.
“Investors today need to navigate a rapidly evolving world that is influenced by technlogical advancements, globalisation and market volatility. Therefore, their investments will need to work harder now more than ever. With the introduction of the Principal Nasdaq Equity Premium Income Fund, investors can potentials generate stable income and long-term capital growth to further strengthen their financial well-being,” said Munirah Khairuddin, CEO of Principal Malaysia and Managing Director of Strategic Distribution and Institutional Client Relations (SEA & Global Shariah).
The Principal Nasdaq Equity Premium Income Fund offers six share classes: Class MYR, Class MYR-Hedged, Class USD, Class SGD-Hedged, Class AUD-Hedged and Class JPY-Hedged.