Principal Financial Group added an actively managed fixed-income ETF that focuses on investment-grade quality debt.
Principal recently launched the Principal Investment Grade Corporate Active ETF (NYSEArca: IG), which has a 0.26% expense ratio.
The active ETF will be managed by Principal Global Investors’ John R. Friedl, Paul S. Kim, Daniela Spassova and Timothy Warrick.
Related: ETF Trends Fixed Income Channel
The Principal Investment Grade Corporate Active ETF will try to provide current income and capital appreciation by investing in investment-grade corporate bonds rated BBB- or higher by S&P Global Ratings or Baa3 or higher by Moody’s Investors Service, according to a prospectus sheet.