Prudential’s PGIM expanded on its line of actively managed ETFs that incorporate the fund manager’s years of experience, adding two small-cap strategies that focus on a growth and value tilt.
Prudential recently launched the actively managed PGIM QMA Strategic Alpha Small-Cap Growth ETF (NYSEArca: PQSG) and the PGIM QMA Strategic Alpha Small-Cap Value ETF (NYSEArca: PQSV), which both come with a 0.29% expense ratio.
“Actively managed Strategic Alpha portfolios provide broad equity exposure, while capitalizing on investor bias. PGIM QMA Strategic Beta ETFs seek to identify and avoid stocks with undesirable characteristics,” according to PGIM Investments.
The PGIM QMA Strategic Alpha Small-Cap Growth ETF tries to generate long-term growth of capital. Specifically, the fund managers will try to outperform the Russell 2000 Growth Index over time.
Meanwhile, the PGIM QMA Strategic Alpha Small-Cap Value ETF tries to achieve long-term growth of capital and outperform the Russell 2000 Value Index over the long term.