AdvisorShares’ Newfleet Multi-Sector Income ETF (MINC) will open for trading on 20 March 2013.
MINC is sub-advised by Newfleet Asset Management, an affiliated manager of Virtus Investment Partners.
The investment objective of MINC seeks to provide current income consistent with preservation of capital, while limiting fluctuations in net asset value (NAV) due to changes in interest rates. In doing so, Newfleet’s portfolio management team uses a three-step process that focuses on sector analysis and allocation, security selection and portfolio construction. Using an opportunistic approach to active management by overweighting and underweighting 14 different bond sectors, the portfolio manager aims to build a diversified and tactical portfolio that seeks to fulfil its investment objective.
"The track record of Virtus and Newfleet in their actively managed mutual fund family is well established," says Noah Hamman (pictured), chief executive officer of AdvisorShares. "In bringing MINC to market, we feel shareholders can benefit from their fixed income experience now accessible with the intraday liquidity and operational efficiency of an actively managed ETF. Additionally, we feel investors and financial advisors in search of yield with an actively managed short duration bond ETF may find MINC as a desirable alternative to other short-term investment options."
"We believe our value-driven portfolio management approach, which focuses beyond the typical core bond sectors, can allow MINC shareholders to realise their investment goals. We look forward to providing our expertise in fixed income investment management to an actively managed ETF," says David L Albrycht, president and chief investment officer of Newfleet. "The partnership with AdvisorShares on MINC also allows us to extend our distinctive investment capabilities to additional product structures."
