Actively managed ETF seeks current income through a portfolio of preferred securities issued by U.S. companies
Virtus Investment Partners, Inc. announced the launch of the Virtus InfraCap Preferred and Income Securities ETF , an actively managed exchange-traded fund subadvised by Infrastructure Capital Advisors, LLC (“Infrastructure Capital”). The newly introduced fund is the 27th ETF offered through Virtus’ multi-manager ETF platform, Virtus ETF Solutions.
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The fund invests primarily in U.S. preferred securities and uses an active management approach intended to address risks associated with callable securities, changing interest rate environments, and issuer concentration. The portfolio management team evaluates investment opportunities through market analysis, fundamental research, and ongoing portfolio review.
“In the current market environment, investors are seeking high income with low volatility,” said Jay Hatfield, CEO and CIO of Infrastructure Capital. “VPFF seeks to offer investors the benefits of a high-yielding diversified basket of preferred stocks, with rigorous and active risk management.”
“The launch of VPFF further strengthens Virtus’ position as a leading provider of preferreds strategies within the ETF market. Investor demand has been consistent for an unlevered version of the Virtus InfraCap U.S. Preferred Stock ETF (PFFA), one of the largest active preferred ETFs,” said William J. Smalley, executive managing director, Virtus ETF Solutions. “VPFF applies Infrastructure Capital’s active investment process and implementation techniques in a portfolio that is designed for investors seeking current income with an emphasis on disciplined security selection and risk management.”
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