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PRIMECAP Launches First ETF, Targeting Mid- & Small-Caps
PRIMECAP Management Company plans to launch its first exchange-traded fund on Wednesday, taking its stock-picking approach to smaller companies. Key Takeaways: PRIMECAP’s first ETF, POMG, lists on NYSE Arca Wednesday with a 0.68% annual fee. Mid- and small-cap stocks are the main focus, a shift from the firm’s larger-company Vanguard fund. Eight portfolio managers each [...] The post PRIMECAP Launches First ETF, Targeting Mid- & Small-Caps appeared first on ETF Trends .
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