Double ETF launch for Principal

US asset manager Principal has announced the listing of two strategic beta ETFs, the Principal Healthcare Innovators Index ETF and the Principal Millennials Index ETF, on Nasdaq.

The Principal Healthcare Innovators Index ETF tracks the Nasdaq US Healthcare Innovators Index. It provides exposure to early stage small cap 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. It provides exposure to companies specialising in social media, digital media, technology, healthy lifestyles, travel and leisure.

“More and more, people want to invest in strategies they understand, whether that is a cause they support or their own lifestyle,” said Paul Kim, managing director of ETF Strategy for Principal Global Investors.

Both ETFs will be managed by Jeff Schwarte, Mark Nebelung and Paul Kim.

“It is our goal to provide investment options that connect with people while offering enhanced performance,” he added.

With this double launch, Principal now tallies five ETFs.

Principal group currently manages over $572bn (€504bn) in assets of which $402bn (€354.7bn) are managed by Principal Global Investors.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!