Q4 2018 Principal Financial Group Inc Earnings Call Transcript
Good morning, and welcome to the Principal Financial Group Fourth Quarter 2018 Financial Results Conference Call. (Operator Instructions) I would now like to turn the conference call over to John Egan, Vice President of Investor Relations.
Thank you, and good morning. Welcome to Principal Financial Group's Fourth Quarter and Full Year Conference Call. As always, materials related to today's call are available on our website at principal.com/investor.
I'll start by mentioning 2 changes on our fourth quarter financial supplement in the PGI AUM by boutique table on the top of Page 16. Effective October 1, 2018, Morley Financial Services joined Principal Global Fixed Income to better align capabilities and resources. As a result, approximately $17 billion of AUM moved from the Morley Financial Services boutique to the Principal Global Fixed Income boutique. Additionally, during the fourth quarter, we announced our exit from the actively managed currency market and closed the Macro Currency Group
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