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Virtus to use Dorsey Wright’s Relative Strength capabilities for the former AlphaSector Funds


Virtus Investment Partners is to employ the Relative Strength price momentum technical analysis of Dorsey, Wright & Associates in the management of five Virtus open-end mutual funds formerly known as the AlphaSector funds.

The funds, which have been renamed the "Virtus Trend" funds, continue to employ rules-based strategies that seek to participate in rising markets and avoid large losses during major market declines by employing cash equivalents as market conditions dictate.

Dorsey Wright's Relative Strength price momentum rankings will be used to identify eligible investments across asset classes, sectors, sub-industry groups and securities. In addition, the funds' strategies will include certain rule changes that are intended to mitigate the impact of volatile markets, provide opportunities to participate more meaningfully in rising markets, and potentially move to more defensive positions during periods when analysis indicates higher-risk market conditions exist.

Warun Kumar, senior managing director, Virtus Investment Advisers, has been named co-portfolio manager of the funds and Euclid Advisors continues in its role as the funds' subadviser, responsible for portfolio implementation and trading. F-Squared Investments, an unaffiliated former subadviser, no longer provides services to the funds.

"Investment professionals have relied on Dorsey Wright's technical analysis for guidance in investing for more than 25 years. With their experience in price momentum strategies, Dorsey Wright is an ideal partner for Virtus and they share our commitment to producing quality outcomes for clients," said Frank Waltman, executive vice president, product management at Virtus. "We believe Relative Strength price momentum is an attractive method for identifying meaningful patterns in daily share price movements to manage risk and concentrate investments in those areas of the market with the higher probabilities of future outperformance."

"We are excited to begin a partnership with Virtus, bringing our longstanding Relative Strength expertise to the 'Virtus Trend' line-up of funds. Our collaboration with Virtus allows Dorsey Wright to further expand how it brings turn-key, quality solutions to the financial community," says Tom Dorsey, Founder of Dorsey, Wright & Associates.

Virtus also announced that it has reduced management fees for the Equity Trend, Global Equity Trend, and Multi-Asset Trend Funds.

The funds are: Virtus Sector Trend Fund (Class A: PWBAX; formerly AlphaSector Rotation); Virtus US Equity Trend Fund (VAPAX; formerly Premium AlphaSector); Virtus Global Equity Trend Fund (VGPAX; formerly Global Premium AlphaSector); Virtus Multi-Asset Trend Fund (VAAVX, formerly Allocator Premium AlphaSector); and Virtus Dynamic Trend Fund (EMNAX; formerly Dynamic AlphaSector).

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