ETF Watch: Principal Plans Small Cap Fund

Planned ETF will track Nasdaq index covering small-cap space.

TwitterTwitterTwitter
ETF.com
|
Reviewed by: etf.com Staff
,
Edited by: etf.com Staff

A new filing from Principal Global Investors outlines plans for an ETF that will target the small-cap space via a Nasdaq index. The Principal U.S. Small Cap Index ETF will track an index that aims to select stocks that will exhibit alpha.

The benchmark uses a quantitative approach to select both growth and value stocks, with adjustments for liquidity and quality, the prospectus said.

The fund will list on the Nasdaq stock market and come with an expense ratio of 0.38%. However, the filing did not include a ticker.

Principal has three other listed ETFs currently trading, the largest of which is the actively managed Principal EDGE Active Income ETF (YLD), which rolled out almost exactly a year ago and has some $266 million in assets under management.

Contact Heather Bell at [email protected].

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.

Loading