67 WALL STREET, New York - July 7, 2014 - The Wall Street Transcript has just published its Banking Review 2014 Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Banking Review 2014
Companies include: Principal Financial Group Inc. (PFG) and many more.
In the following excerpt from the Banking Review 2014 Report, the Chairman, President and CEO of Principal Financial Group, Inc. (PFG) discusses company strategy and the outlook for this vital industry:
TWST: Which of your products and solutions are currently demonstrating the strongest demand, and what do you think are the factors that are driving that demand?
Mr. Zimpleman: There is a little variation by market. So for example, if you are an Asian investor you probably think differently about investing than if you are a Latin American investor or a U.S. investor, but let me try to answer your answer question in the context to the U.S. We're seeing the greatest interest in the multiasset allocation funds. They are often called lifecycle funds, and there are two varieties of lifecycle funds. Age-based funds are often used in retirement plans since it's relatively clear when you are going to retire. Time-based funds or age-based funds are used there.
The other version of lifecycle funds is risk-based funds. These are more based on whether you are a conservative investor, a moderate investor or an aggressive investor, and then picking a risk-based fund that's appropriate. Keep in mind that we're not a high net worth shop; we're more the mass affluent sort of solutions provider. I think the mass affluent find lifecycle funds are really effective, well-managed, well-diversified product investment and solution since they don't really have a goal to be an investment expert.
TWST: Speaking of investment strategies, how would you describe the overarching philosophy that drives your investment activities, and what makes it unique?
Mr. Zimpleman: Our overarching investment philosophy is very fundamental, and it's very long-term because again for the most part what we're investing in are retirement assets, and so again, fundamental, long-term, kind of research-based. For us, diversification and risk management is part of our natural DNA. So no matter what it is we do, we're going to try to achieve as good a diversification as we're possibly able to do for the benefit of the investor.
TWST: I know you've got very broad geographic reach. Are there certain areas where you're really focused on building up the business right now, and are there any areas that you are avoiding?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.