Newfleet Asset Management and Virtus ETF Solutions have marked the launch of the Virtus Newfleet Multi-Sector Unconstrained Bond ETF (NFLT) by ringing the opening bell at the New York Stock Exchange.
Newfleet President and Chief Investment Officer David L Albrycht (pictured), CFA rang the bell alongside co-portfolio managers Jonathan Stanley, CFA, managing director and portfolio manager, and Christopher Kelleher, CFA, CPA, senior managing director and senior portfolio manager, and Virtus ETF Solutions co-founder William Smalley, on 27 August.
"The Virtus Newfleet Multi-Sector Unconstrained Bond ETF is a natural extension of Newfleet's proven multi-sector investment approach, and we are excited to bring this ETF to market with Virtus ETF Solutions," says Albrycht. "At Newfleet, we employ a combination of active sector rotation and disciplined risk management with the goal of choosing the right pockets of the global bond market at the right times, while seeking to achieve long-term excess returns."
NFLT seeks to provide a high level of current income, and, secondarily, capital appreciation. The fund is not constrained by limits on sector, industry, or country allocations, which allows the portfolio managers to fully express their highest conviction ideas.