PGIM Launches Active Small and Mid-Cap Equity ETF (PJSM)

PGIM has launched the PGIM Jennison Small-Mid Cap Core Equity ETF (PJSM), an actively managed fund investing at least 80% of investable assets in small and mid-cap equities. Jennison combines fundamental research on growth potential, valuation and risk with quantitative portfolio construction, managing risk exposures relative to the Russell 2500 Index without tracking it. PJSM may invest across stocks, REITs, ADRs and other equity-related securities, with up to 20% in foreign securities, and can trade actively as opportunities and market conditions change.