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Stock impact report

Parnassus Investments Debuts Active ETFs

PRAECIS PHARMACEUTICALS (PRCS) 
Company Research Source: Business Wire
Parnassus Core Select ETF and Parnassus Value Select ETF Provide Investors with Access to High-Conviction Portfolios With the Flexibility to Pursue Outperformance 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 managed ETF that seeks to achieve strong long-term returns by investing in a concentrated portfolio of approximately 25 high-quality, attractively priced U.S. large cap stocks that reflect our investment team’s highest convictions. The fund will be managed by the veteran portfolio management team of Todd Ahlsten, Benjamin Allen and A Show less Read more
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