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The ETF may “provide consistent exposure to companies offering stable earnings growth at a reasonable valuation that is being recognized by the market,” according to Principal.
The Price Setters or growth factor ranks securities based on pricing power or the extent to which a company can raise the prices of its products without reducing the demand.
Lastly, the Momentum Factor ranks securities based on recent performance relative to peers. Sustainable momentum helps provide consistent share price appreciation in the medium-term, responsiveness to momentum reversals and reduced drawdown risks.
For more information on new fund products, visit our new ETFs category.