Principal Asset Management Launches Active Large-Cap Growth ETF (PGRW) Targeting Long-Term Earnings Growth

Principal Asset Management has launched the Principal Growth ETF (PGRW), an actively managed fund targeting long-term capital appreciation through U.S. growth stocks. The ETF invests at least 80% of its assets in growth equities, primarily focusing on large-cap companies with market capitalizations exceeding $10 billion. PGRW seeks businesses with strong earnings and cash flow growth potential, using a research-driven investment process that combines fundamental analysis, valuation, and stock selection to identify sustainable long-term growth opportunities rather than short-term trends. The fund's sector allocations are driven by individual stock selection, potentially resulting in significant exposure to sectors such as technology. PGRW follows a non-diversified strategy, allowing it to hold concentrated positions in individual companies, which may increase volatility compared with more diversified funds.