TMCnet News
Edge Asset Management Reaches 75th Anniversary MilestoneSEATTLE --(Business Wire)-- Edge Asset Management (EDGE) this year celebrates a key milestone: the 75th anniversary of the launch of its first mutual fund. Today EDGE is a leading manager of equity, fixed-income and target-risk asset allocation strategies, with more than $27 billion in Assets Under Management1, a 40 percent increase in the past two years. Based in Seattle, EDGE's heritage dates back to 1939 when the company launched what is now the Principal Equity Income Fund (PQIAX), one of the first 50 mutual funds in the United States. The Principal Financial Group® purchased Edge Asset Management (formerly WM Advisors) in 2006 and the firm has become a key component of Principal Global Investors' boutique investment culture. "EDGE is known for managing straightforward investment solutions," said Jill Cuniff, president of Edge Asset Management. "In today's environment, headlines often grab the attention, resulting in volatile markets. As a research-driven organization, we look beyond those headlines to identify companies we believe can perform on a long-term basis." EDGE has a long history of income-oriented investing, which is "very important in today's environment," Cuniff said. "We manage money and talk to investors around the world, and there is a common demand for yield and income among individuals, corporations and sovereign wealth funds." A recent Principal Funds white paper on dividend investing, titled Growing Dividends: The Opportunity in Equity Income Strategies, is available for download here. In addition to the Principal Equity Income Fund, EDGE also manages:
The team at EDGE is composed of more than 30 professionals, including portfolio managers who average more than 19 years of investment experience. Their investment process is characterized by fundamental research, a long-term time horizon and often contrarian views. For more research, analysis and insights from The Principal®, visit The Principal Knowledge Center and connect with us on Twitter.
About Principal Funds
About the Principal Financial Group Carefully consider a fund's objectives, risks, charges, and expenses. Contact your financial professional or visit principalfunds.com for a prospectus, or summary prospectus if available, containing this and other information. Please read it carefully before investing.
Investing involves risk, including possible loss of principal.
1 As of June 30, 2014. Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140729006043/en/ |