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Newfleet launches actively managed ETF


Newfleet Asset Management, an affiliate of Virtus Investment Partners, has launched the Virtus Newfleet Dynamic Credit ETF (BLHY), its third exchange traded fund strategy.

The Virtus Newfleet Dynamic Credit ETF 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.
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 per cent to US Treasuries.
"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," says Newfleet president and chief investment officer David L Albrycht. "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."
The portfolio is intended to provide enhanced diversification to an investor's portfolio due to the low correlation to core fixed income investments.
BLHY is Newfleet's second ETF launched in conjunction with Virtus ETF Solutions, a Virtus affiliate and multi-manager ETF sponsor.
"There is a growing demand for strategies in a transparent, tax-advantaged wrapper with lower fees, and Virtus ETF Solutions has the platform to make our strategies available to investors,” says Albrycht.
Albrycht leads the management of BLHY with Frank Ossino, senior managing director and portfolio manager, and Jonathan Stanley, managing director and portfolio manager.

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