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Principal launches US Mega-Cap Multi-Factor Index ETF

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Principal Financial Group has launched the Principal US Mega-Cap Multi-Factor Index ETF (USMC).

USMC is a strategic beta Exchange Traded Fund, which tracks the largest US companies in the Nasdaq US Large Cap Index, offering investors a concentrated exposure to US mega-cap equities with a tilt toward lower volatility stocks. The ETF will be managed by Principal Global Investors.
 
“Investors are likely to have domestic large-cap equity exposure, USMC provides a more efficient way to get that exposure with potentially better risk adjusted returns,” says Paul Kim, managing director of ETF Strategy with Principal Global Investors. “This launch reflects our commitment to meeting the current and future needs of our clients and to continuing to grow our ETF platform. We’re focused on continuing to expand our suite of equity strategic beta funds, leveraging our expertise as an active manager.”

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