Prudential Financial (PRU) said Friday its asset management business PGIM has launched two new core equity exchange-traded funds as part of efforts to provide investors with a consistent framework for portfolio construction.

The PGIM Jennison Small-Mid Cap Core Equity ETF, which carries a net expense ratio of 0.29%, invests at least 80% of its assets in equity and equity-related securities of small- and medium-capitalization companies.

The PGIM Jennison International Core Equity ETF, with a net expense ratio of 0.23%, invests primarily in issuers that are non-US companies located outside the US or have their primary economic exposure outside the US, according to the company.

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