FYI: Many financial advisors know Principal Financial Group for its retirement plans, insurance products or mutual funds. As for its exchange-traded funds, probably not so much.
The company rolled out its first ETF four years ago, and on Wednesday it launched its 14th fund in a product suite now comprising five actively managed and nine smart beta ETFs. Its newest fund, the Principal Ultra-Short Active Income ETF (USI), is an actively managed fixed-income product that charges a fee of 0.18 percent. In aggregate, Principal’s ETFs have total assets under management of $3.4 billion.
Regards,
Ted
https://www.fa-mag.com/news/principal-financial-s-smart-beta-etfs-don-t-follow-the-crowd-44559.html?print
