Press release
Principal® launches Focused Blue Chip ETF
New offering meets growing demand of investors for active ETFs DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Asset ManagementSM today launched the Focused
About this update from Principal Financial Group Inc
[{"type":"text","content":"\nNew offering meets growing demand of investors for active ETFs\n\n\n DES MOINES, Iowa--(BUSINESS WIRE)--\nPrincipal Asset ManagementSM today launched the Focused Blue Chip ETF (BCHP). This ETF will be a large-cap growth portfolio managed by Principal Aligned, the equities investment team with more than 20 years of success managing mid-cap and blue chip strategies for Principal. Principal Aligned, with $44.4 billion in AUM1, has a distinctive long-term approach that focuses on competitively advantaged businesses led by owner-operators.\n\n\nDemand for large-cap growth ETFs has grown in recent years, with a total AUM of $411 billion in the category as of December 31, 2022.2 Actively managed ETFs are also seeing increased interest, attracting about 30% of the total flows to ETFs as of May 2023.3 The Focused Blue Chip ETF helps meet this client demand.\n\n\n“With this offering, we have taken the proven approach of Principal Aligned and offered it as an ETF to meet the needs of our clients,” said Jill Brown, managing director, U.S. Wealth Platforms. “The team’s active approach focuses on owner-operator companies with long runways in front of them - businesses getting better as they get bigger, with strong management teams and attractive valuations.”\n\n\nThe Principal Aligned team, led by Bill Nolin, has over 20 years of experience managing equity portfolios throughout multiple market environments. Morningstar recently awarded both the Blue Chip and MidCap mutual funds (I shares) managed by Principal Aligned a Gold Morningstar MedalistTM Rating.\n\n\nWith the addition of the Focused Blue Chip ETF, Principal offers 15 ETFs that are designed to enhance investor returns, mitigate risk, and improve portfolio diversification. Combined, they represent approximately $2.4 billion in assets under management4.\n\n\n1 As of March 31, 2023\n2 Morningstar Direct and Broadridge as of December 31, 2022\n3 Investors Are Piling Into Actively Managed ETFs - WSJ\n4 As of June 30, 2023\n\n\nImportant Information\n\n\nInvesting in ETFs involves risk, including possible loss of principal. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance.\n\n\nInvestor shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Ordinary brokerage commissio...