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Alternative Market Briefing

Newfleet Asset launches new actively managed ETF with combined credit factors

Thursday, December 15, 2016

Komfie Manalo, Opalesque Asia:

Newfleet Asset Management, an affiliate of Virtus Investment Partners, Inc., has launched its third ETF strategy, the Virtus Newfleet Dynamic Credit ETF, which seeks to provide a high level of current income and capital appreciation by combining two converging credit sectors, high-yield corporate bonds and floating bank loans. Virtus Investment manages more than $11bn in fixed income strategies.

"The Virtus Newfleet Multi-Sector Dynamic Credit ETF brings together two of Newfleet's core investment credit strategies, and maintains the ability to reallocate to Treasuries should market conditions warrant," said Newfleet President and Chief Investment Officer David L. Albrycht, CFA. "This is a unique strategy that gives investors access to these fixed income sectors and takes advantage of safe haven assets if necessary. The portfolio also has the ability to act as a hedge in a rising rate environment."

By actively managing the portfolio, Newfleet is able to allocate between both asset classes at any ratio within the fund. Additionally, should market conditions merit a temporary exit from credit, the fund can allocate as much as 100% to U.S. Treasuries.

The portfolio is managed by an experienced team with deep expertise in both asset classes and is intended to provide enhanced diversification ......................

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