The investment manager Principal Financial Group Inc. of Des Moines has two new international funds.
The Principal Global Real Estate Securities Fund focuses on investing in equity securities of domestic and international companies principally engaged in the real estate industry.
The Principal International Growth Fund invests in common stocks and other securities of companies domiciled in nations poised for above-average growth. Both were launched Tuesday.
Principal, which had $306 billion of assets under management on Sept. 30, serves 18.1 million customers from offices in Asia, Australia, Europe, Latin America, and the United States.
The new funds are managed by Principal Funds, which now has four international funds and has $64.4 billion of assets under management.
