PRIMECAP Launches Active Mid- and Small-Cap Growth ETF (POMG)

PRIMECAP Management Company has launched the PRIMECAP Odyssey Discovery ETF (POMG), an actively managed fund seeking long-term capital appreciation through investments primarily in U.S.-listed mid- and small-cap stocks. The ETF employs a fundamental, bottom-up research approach to identify companies with strong growth potential, improving profitability, or undervalued assets that are not fully reflected in their share prices. PRIMECAP maintains a three- to five-year investment horizon, targeting companies it believes can outperform the Russell Midcap Growth Index. The fund may invest in non-U.S. companies directly listed on U.S. exchanges but excludes American Depositary Receipts (ADRs). POMG may have significant exposure to health care and information technology stocks. As a non-diversified fund, it can hold concentrated positions in individual companies or sectors.