Principal Asset Management announced the launch of its new Principal Capital Appreciation Select ETF (LCAP), further expanding its active equity ETF offerings. This new ETF will be managed by Principal Edge, an investment team within Principal Asset Management that oversees $21.1 billion in assets under management. The launch is designed to provide investors with active management in large-cap U.S. equity exposure.
The introduction of LCAP is timely, given ongoing market volatility, which strengthens the case for active equity ETFs. Unlike passive strategies, active management offers the flexibility to navigate uncertain market conditions. This new product aims to deliver enhanced value by adapting to market dynamics.
This launch underscores Principal Asset Management's commitment to providing diverse and actively managed investment solutions. It caters to investors seeking strategic capital appreciation opportunities within the U.S. large-cap market, leveraging the expertise of the Principal Edge team.
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