Principal Asset Management announced the launch of its new International Equity ETF (PIEQ), expanding its suite of investment products. This ETF is designed as a large-cap portfolio and will be managed by Principal's dedicated equities team. The launch reflects the company's strategy to offer diverse investment solutions to its clients.
The Principal equities team currently manages $154.8 billion in assets under management (AUM). The new International Equity ETF will leverage this team's focused investment strategy, which combines global insights with local market knowledge. This aims to deliver specialized equity investment solutions to investors.
The introduction of PIEQ provides investors with an additional option for international equity exposure. This product launch is part of Principal Asset Management's ongoing efforts to meet the evolving needs of its client base and capitalize on opportunities within the global investment landscape.
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