Principal Millennial Global Growth ETF (GENY)
Principal Millennial Global Growth ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Des Moines, IA, US. The stock last traded at $39.37, down 0.71% on the session, giving a market capitalisation of $29.5M. Its beta of 1.20 implies it has historically moved more than the broad market.
This fund primarily seeks long-term growth by investing in equity securities, with a strong emphasis on companies exhibiting significant growth potential. Under typical market conditions, at least 40% of its net assets are allocated to stocks from international and developing markets. The portfolio maintains exposure across a broad range of market capitalizations, encompassing small, mid, and large-cap companies. Furthermore, the fund is designed to concentrate a substantial portion of its investments – specifically over 25% of its assets – into one or more industries within both the consumer discretionary sector and the communication services sector.
Principal Millennial Global Growth ETF is most often compared with the following Financial Services names: