Principal Asset Management has introduced a new actively managed ETF, the Focused Blue-Chip ETF (BCHP US), providing access to a portfolio of US large-cap growth equities, focusing on high-quality blue-chip stocks. The ETF aims to replicate the strategy of the Focused Blue-Chip Mutual Fund, managed by Principal Aligned, with an impressive track record and recently awarded a Gold Medalist Rating by Morningstar. The investment team follows a bottom-up, fundamental process, emphasizing competitive positioning, company management, free cash flow, and risk. The ETF is expected to be relatively concentrated, holding around 20 to 30 carefully selected companies with owner-operator structures, known for their long-term outlook and efficient capital allocation.
Principal Asset Management Launches Focused Blue-Chip ETF for US Large-Cap Growth Exposure