Principal® launches International Equity ETF

(DES MOINES, Iowa) - Principal Asset Management^SM announced the launch of the International Equity ETF (PIEQ). This ETF will be a large-cap portfolio managed by the Principal equities team. Principal equities, with $154.8 billion in AUM , has a focused investment strategy combining global insights with local knowledge to deliver a wide range of specialized equity investment solutions.

Demand for active ETFs was the strongest ever in 2023, reaching an all-time high of $349 billion in the category . This is expected to continue as advisor allocations to active ETFs are expected to increase by 45% over the next two years . The International Equity ETF now offered by Principal helps meet this client demand.

"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, 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.

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 .