Parnassus Core Select ETF

PRCS

Valor de mercado US$ 180 mi

Parnassus Core Select ETF returned 2.58% (net of fees) during the quarter, underperforming the S&P 500 Index's 2.66%. Parnassus Core Select ETF continues to maintain an overweight in defensive holdings to address ongoing volatility and uncertainty, while taking offensive positions in areas where our convictions are highest. Alphabet posted strong performance in the quarter as resilient revenues for its search business, improving growth in its cloud segment and renewed confidence in its vertically integrated AI strategy lifted investor sentiment.

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.