Pacific Global ETFs, one of Pacific Life’s family of funds, has added two income-focused exchange-traded funds (ETFs) to its growing suite of actively managed, income-focused investment strategies.
The new funds, Pacific Global International Equity Income ETF (NYSE Arca: IDY) and Pacific Global Focused High Yield ETF (NYSE Arca: FJNK), are designed to complement Pacific Global ETFs’ flagship fund, Pacific Global US Equity Income ETF (NYSE: USDY).
“We’re excited about the launch of our income-focused ETFs that build on the more than 150-year legacy of Pacific Life,” says Anthony J Dufault, managing director of Pacific Global ETFs. “We constructed our ETFs with a focus on addressing investors’ needs for income-producing strategies, which is especially important with today’s low interest rates.”
Pacific Global International Equity Income ETF seeks to provide income and long-term capital growth from equities primarily in developed countries. The factor-based investment approach for IDY uses a systematic factor methodology to target international large-cap stocks that are expected to deliver attractive dividend yields, capital appreciation and diversification. IDY’s sub-adviser is Cadence Capital Management.
Pacific Global Focused High Yield ETF seeks to provide income and long-term capital growth by investing in a focused portfolio of liquid, high-yield debt securities. Using a structured, actively managed approach, FJNK is designed to outperform its benchmark, while providing liquidity requested by investors. FJNK’s sub-adviser is Pacific Asset Management.
