Principal Global Investors has recently announced plans to convert six ETFs including their largest, into actively managed rather than passive. The ETFs looking to change are: The Principal US Mega-Cap ETF, the Principal US Small-Cap Multi Factor ETF, the Principal Value ETF, the Principal Quality ETF, the Principal Healthcare Innovators ETF, and the Principal Millennials ETF.
ETF Newz Says:
The change is expected to take effect sometime in July with shareholder approval not required. Instead they must approve new investing restrictions.