Principal PNB Asset Management Company has proposed amendments in the offer documents of Principal Global Opportunities Fund. The fund will be allocating at least 85 per cent of its assets into overseas mutual fund and the rest in money market securities. It also proposes to charge annual recurring expenses up to 0.75 per cent.
Principal PNB Asset Management Company has decided to restructure and re-strategise Principal Infrastructure and Services Industries Fund by changing its investment objective; asset allocation and name of the fund to Principal Services Industries Fund. These proposed changes will be in effect from August 26.
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