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Newfleet Asset Management and Virtus ETFs Introduce Actively Managed Securitized Debt ETF
February 10, 2021 GMT
(PRNewsfoto/InfraCap MLP ETF)
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The Virtus Newfleet ABS/MBS ETF seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. By utilizing Newfleet’s disciplined, time-tested investment process and rigorous risk management approach, the actively managed ETF expects to invest in asset-backed and mortgage-backed securities with competitive yield and current income across undervalued areas of securitized credit markets.
Virtus Investment Partners Reports Preliminary January 31, 2021 Assets Under Management
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HARTFORD, Conn., Feb. 9, 2021 /PRNewswire/ Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported total assets under management (AUM) as of January 31, 2021 of $132.9 billion.
Assets Under Management (unaudited)
(1)
Includes AUM of mutual funds registered under the Investment Company Act of 1940 and Undertakings for Collective Investments in Transferable Securities (UCITS)
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Inves
Virtus Investment Partners Announces Agreement to Acquire Westchester Capital Management
Posted on 02/02/2021
Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, announced it has entered into a definitive agreement to acquire Westchester Capital Management, a manager of global event-driven investment strategies with approximately US$ 4.3 billion of assets under management as of December 31, 2020, including US$ 3.6 billion in The Merger Fund, which was launched in 1989. The sales price was US$ 135 million. Under the agreement, Virtus would purchase all of the equity of Westchester Capital. Managing partners and portfolio managers, Roy Behren and Michael Shannon, have entered into long-term employment agreements and are reinvesting a significant portion of the transaction proceeds into the firm’s investment strategies.
Price action over last quarter: Up 27.99%
Company Profile
Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of US and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.