PGIM Investments launched its fourth actively managed equity ETF of 2018 on Thursday: the PGIM QMA Strategic Alpha International Equity ETF (NYSE Arca: PQIN).
Sub-advised by QMA, PQIN joins PGIM Investments’ three other Strategic Alpha ETFs that seek to provide investors with access to broad multifactor equity exposure while capitalizing on investor bias. The other three funds are the PGIM QMA Strategic Alpha Large-Cap Core ETF (NYSE Arca: PQLC), the PGIM QMA Strategic Alpha Small-Cap Growth ETF (NYSE Arca: PQSG), and the PGIM QMA Strategic Alpha Small-Cap Value ETF (NYSE Arca: PQSV).
By being actively managed, these strategies give the portfolio managers discretion to rebalance and enhance portfolios more flexibly, as determined by market conditions and ongoing research.
“With more than 40 years of systematic active management expertise, we’ve created an investment product that delivers our best institutional research on multifactor investing to the ETF market,” said QMA Chairman and CEO Andrew Dyson. “Our research shows that investors frequently overpay for stocks that have a low probability of outsized returns or may provide lower risk. We’ve found a way to help protect investors from such behavioral biases.” Dyson continued.
QMA applies a disciplined, research-driven approach that seeks to identify and capture alpha opportunities through a combination of factor exposures within diversified, risk-aware strategies designed for long-term performance.
Related: Prudential Expands on Actively Managed ETF Line Up
Founded in 1975, QMA manages portfolios for a worldwide institutional client base, including corporate and public pension plans, endowments and foundations, sovereign wealth funds, multi-employer pension plans and sub-advisory accounts for other financial services companies. As of June 30, 2018, QMA had approximately $126.7 billion in assets under management.
PGIM Investments LLC offers more than 100 funds globally across a broad spectrum of asset classes and investment styles. Clients can also choose from a variety of investment vehicles including closed-end funds and target date funds such as the Prudential Day One Mutual Fund series. All products draw on PGIM’s globally diversified investment platform that encompasses the expertise of managers across fixed income, equities and real estate.
For more information on new fund products, visit our new ETFs category.