Principal Asset Management announced the launch of the International Equity ETF. This ETF will be a large-cap portfolio managed by the Principal equities team.
Demand for active ETFs was strong in 2023, reaching an all-time high of $349 billion in the category. Principal says this is expected to continue as advisor allocations to active ETFs are expected to increase by 45% over the next two years.
“This new offering continues the buildout of our active ETF lineup, which leverages our strong capabilities and provides investors an efficient vehicle for investing in international markets,” said George Maris, CIO and global head of equities of Principal Asset Management. “As the active ETF market expands, we remain committed to developing solutions offering value, flexibility, and expert insights to meet the evolving needs of our clients seeking diversified global exposure.”
The Principal equities team, led by George Maris, has over two decades of experience managing non-U.S. equity strategies. Principal equities currently has $154.8 billion in assets under management (AUM).
With the addition of the International Equity ETF, Principal offers 10 ETFs designed to enhance investor returns, mitigate risk, and improve portfolio diversification. Combined, they represent approximately $4.7 billion in assets under management.
Principal Asset Management is the global investment solutions business for Principal Financial Group and manages $585.6 billion in assets.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
