Yes! For every goal set on Perpetua, at least 3 underlying campaigns will be launched: an auto campaign, a manual keyword campaign and a manual product campaign. The manual product campaign will target both individual ASINs and product categories. Categories and ASINs are harvested from search term reports and bids are algorithmically set on each target.
You don't need to take any special action to enable product targeting on Perpetua. Just launch a goal and it's taken care of automatically.