The Principal Financial Group has listed its first exchange-traded fund (ETF) on the NYSE Arca, The Principal EDGE Active Income ETF, which is sub-advised by EDGE Asset Management, an investment boutique of Principal Global Investors.
“Many investors are looking for ways to increase income in their portfolios, but they have significant concerns about reaching too far for yield, rising rates and market volatility,” says Paul Kim, managing director and head of ETFs at Principal Global Investors. “YLD may be an option to generate more income through an actively managed, multi-asset class strategy from a proven manager.”
The Principal EDGE Active Income ETF seeks to provide current income through changing market environments and over market cycles. It invests opportunistically across a diversified range of income-generating asset classes while managing for risk. EDGE’s proven investment process, long history of income investing, and strong risk management and credit research capabilities may help enhance returns while reducing risks.
“EDGE has over 75 years of experience managing income-focused investment strategies using a time-tested, disciplined investment process,” says Jill Cuniff (pictured), president, EDGE Asset Management. “We are pleased to be able to bring our investment expertise to this new product offering.”
The Principal EDGE Active Income ETF will be managed by Todd Jablonski, Jill Cuniff, and Charles Averill from EDGE Asset Management and Paul Kim and Barb McKenzie from Principal Global Investors.
