Parnassus Value Select ETF

PRVS

Börsenwert 29,3 Mio. $

Parnassus Value Select ETF (NAV) returned -1.45% (NAV) for the quarter, underperforming the Russell 1000 Value Index's 2.10%. The portfolio's performance was primarily impacted by our lack of exposure to the Energy sector, along with our holdings in the Health Care and Financials sectors. Despite the increased volatility in the first quarter, we continue to maintain a quality-oriented portfolio with balanced exposure across traditional value and secular themes.

On Thursday, Parnassus Investments made its debut in the world of ETFs with the launch of two equity funds. The actively managed ETFs aim to offer capital appreciation.

SAN FRANCISCO--(BUSINESS WIRE)--Parnassus Investments, a pioneer in sustainable investing, today announced the launch of its first two exchange-traded funds (ETFs), the Parnassus Core Select ETF (NYSE: PRCS) and the Parnassus Value Select ETF (NYSE: PRVS). The new funds mark Parnassus's entry into the active ETF market to offer investors access to the firm's high-conviction, actively managed equity strategies in a convenient, tax-advantaged vehicle. The Parnassus Core Select ETF is an actively.