FYI: PGIM is teaming up with quant firm QMA Associates to list a new actively managed multifactor large cap ETF that boldly aims to beat the S&P 500 over the long term. The PGIM QMA Strategic Alpha Large-Cap Core ETF (PQLC) will invest in US large caps chosen by QMA’s proprietary multi-factor model. Stocks are selected based on “various signals, such as value, quality and volatility, to differentiate between attractive and unattractive stocks, subject to risk constraints,” the prospectus says. With QMA’s data in hand, the investment management team then applies their own judgment to pick the final portfolio of stocks.
Regards,
Ted
http://www.etfstream.com/news/4803_new-listing-pgim-lists-us-large-cap-etf-to-beat-the-sp-500
