Bringing you live news and features since 2006 

Principal launches two strategic beta ETFs

RELATED TOPICS​

Principal has launched two strategic beta exchange traded funds (ETFs) for investors looking for portfolio growth potential.

The Principal Healthcare Innovators Index ETF (BTEC) and the Principal Millennials Index ETF (GENY) listed on Nasdaq on 22 August.
 
The two ETFs are examples of thematic investing; an approach growing in popularity with investors who want to take advantage of long-term trends or invest in companies that align with their personal beliefs.
 
“More and more, people want to invest in strategies they understand, whether that is a cause they support or their own lifestyle,” says Paul Kim, managing director of ETF strategy for Principal Global Investors. “It is our goal to provide investment options that connect with people while offering enhanced performance.”
 
The Principal Healthcare Innovators Index ETF tracks the Nasdaq US Healthcare Innovators Index. This index is designed to provide exposure to early stage small-capitalisation healthcare companies, primarily biotechnology and life science, which have the potential to create cures for cancer, develop new medical technologies, or spearhead other medical advances.
 
The Principal Millennials Index ETF tracks the Nasdaq Global Millennial Opportunity Index. This index seeks to capture the global spending and lifestyle activities of the largest generation ever, offering exposure to brand name companies specialising in social media, digital media, technology, healthy lifestyles, travel and leisure. The companies will evolve over time as the spending patterns of millennials change as they age.
 
“The ETF offerings we bring to market are designed to serve both our retail and institutional customers,” says Kim. “We are committed to delivering cost-effective structures that offer ongoing portfolio growth potential.”
 
Principal Millennials Index ETF and Principal Healthcare Innovators Index ETF will be managed by Jeff Schwarte, Mark R Nebelung and Paul Kim of Principal Global Investors.

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by