Principal® Advances Plan for First Semi-Transparent ETF Offering
Principal Global Investors has announced its plan to launch its first semi-transparent ETF, focusing on real estate assets, leveraging Fidelity’s active equity ETF methodology.
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When approved and launched, the first semi-transparent ETF offered by Principal will target real estate assets.
“We believe in active investing and are excited to expand our offerings of new investment strategies and solutions that could deliver strong performance and generate more income for investors,” said
Principal currently offers 14 ETFs – six strategic beta and eight actively managed – that are designed to enhance investor returns, mitigate risk, and improve portfolio diversification. Combined, they represent approximately
Fidelity’s active equity ETF model employs an innovative “tracking basket” methodology, which maintains the benefits of the ETF structure, provides information to market participants to promote efficient trading of shares, and preserves the ability to add value through active management.
"We are excited to work with Principal as they seek to expand their ETF offering and develop innovative new solutions to help meet the needs of investors," said
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At our core, we are driven by our purpose to help investors and businesses achieve their financial goals. Our global investment professionals deliver investment solutions for public and private pension funds, foundations and endowments, central banks, insurance companies, sub-advisory arrangements, sovereign wealth funds and individual portfolios.
The “tracking basket” methodology maintains confidentiality of a portfolio’s securities and trading strategies by disclosing a “tracking basket” comprised of select recently disclosed portfolio holdings, liquid
No products or investment vehicles offered by Principal® are sponsored, endorsed, sold, or promoted by Fidelity or any of its affiliates.
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