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Principal Expands International Options

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A money manager affiliated with a life insurer has introduced two products aimed at investors who want more geographic diversification.

Principal Funds, a unit of Principal Financial Group Inc., Des Moines, Iowa, has set up the Principal Global Real Estate Securities Fund.

That fund will invest in the stocks of companies in the real estate industry inside and outside the United States.

Principal also is creating new retail share classes for its existing Principal International Growth Fund. Investors can use the new Class A and Class C shares to invest in a fund that can invest in securities issued by companies “domiciled in any of the nations of the world that may be poised for above-average growth,” Principal says.