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PRIMECAP plans Wednesday launch of first ETF, POMG, at 0.68%

The PRIMECAP Odyssey Discovery ETF will trade on NYSE Arca and aims to beat the Russell Midcap Growth Index over three to five years, per its prospectus.

By the Active desk2 sources13 min read

PRIMECAP plans to list its first ETF, the PRIMECAP Odyssey Discovery ETF, on Wednesday, with the mid/small-cap fund charging 0.68% and trading on NYSE Arca. The fund, ticker POMG, aims to beat the Russell Midcap Growth Index over three to five years, according to its prospectus.

At 0.68%, every $100 million in assets would generate about $680,000 in annual fees; every $1 billion would generate about $6.8 million.

Reported by the Active desk from Provided coverage item on PRIMECAP POMG launch and Provided coverage items on Nasdaq listings. Published . Corrections

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