Today’s new ETF listings from around the world.
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.
BNP is widening out its range of Easy ETFs, listing two new funds in Germany. They are:
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.