PGIM enters the ETF hunt

by , 11th April 2018

Today’s new ETF listings from around the world. 

US

Prudential’s PGIM enters ETF marketplace

PGIM has rolled out one of the cheapest actively managed fixed-income ETFs in the world in the trending ultrashort bond space. The PGIM Ultra Short Bond ETF (PULS) will invest in investment grade US-dollar short-term fixed, variable and floating rate debt instruments.

Under normal market conditions, PULS will invest at least 80% in bonds, the prospectus indicates. And while the fund can invest in bonds of any duration, it will “seek to maintain a weighted average portfolio duration of one year or less,” and a maturity of three years. However it is under no binding obligation to always do this and bond maturities “may be longer at any time,” the prospectus says.

PULS will use a combination of in-house research and modeling together with ratings agencies verdicts to manage risk.

Germany

BNP makes it easy

BNP is widening out its range of Easy ETFs, listing two new funds in Germany. They are:

  • BNP Paribas Easy MSCI Europe SRI ETF (ZSRI)
  • BNP Paribas Easy MSCI Japan SRI ETF (JSRI)

ZSRI tracks the performance of the MSCI Europe SRI index, which screens the parent index, MSCI Europe on SRI criteria.

JSRI does something similar but for the MSCI Japan index.

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