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Italian investors have access to a range of portfolios consisting of four S&P AA-rated and six S&P A-rated funds, including the European Equity, Emerging Market Equity and Global Equity funds.

Principal’s range also includes the Asian Equity fund, which recently received an AA rating from its first S&P review.

Steven Brown, head of fund wholesale at Principal, said: “As an active asset manager employing fundamental research, underpinned by a proprietary quantitative process, Principal Global Investors aims to deliver consistent alpha and minimise unrewarded risk.

“We believe this will be viewed as a compelling combination in the Italian market.”

News of the registration in Italy brings to 13 the total number of European locations where the company’s funds have been registered for distribution, following the launch of Principal’s fund range in Spain this summer.