A world-leading manager of preferred and capital securities
Spectrum Asset Management is a world-leading manager of preferred and capital securities with $18.7 billion in assets under management as of September 30, 2025, which includes $4.2 billion in SMA advisory assets. Spectrum was founded in 1987 and has been a wholly owned and independently run affiliate of Principal Global Investors, a member of the Principal Financial Group®, since 2001. Spectrum has a team of twenty nine dedicated investment professionals and is based in Stamford, Connecticut.
Spectrum manages and advises portfolios of preferred and capital securities for an international universe of corporate, pension fund, insurance and endowment clients, open-end mutual funds domiciled in the United States, Ireland, Japan, and Taiwan, and separately managed account programs for high net worth individual investors sponsored by a variety of broker-dealers.
Spectrum has produced a record of strong performance by consistently implementing its fundamental credit-based investment philosophy, leveraging its expertise in capital structure analysis, and employing and retaining its experienced team of investment professionals.
“[Preferred and capital securities] yields are well above inflation, so the cumulative effect of compounding returns is an attractive protective cushion against inflation risks – especially, when considering more senior financials as an alternative”