NYSE Event also Recognizes
Anniversary of JOET
NEW YORK, NY, December 21, 2023 –
Virtus ETF Solutions, the multi-manager ETF platform of
Virtus Investment Partners, Inc.
(NASDAQ: VRTS), recognized three of its ETF offerings – including the
Virtus Terranova U.S. Quality Momentum ETF
(NYSE Arca: JOET), which recently celebrated its three-year anniversary
– at a New York Stock Exchange closing bell event.
Ringing the closing bell at the NYSE were Joseph Terranova, Virtus’
senior managing director and chief market strategist, representing JOET; David
Albrycht, CFA, president and chief investment officer of Newfleet Asset
Management and co-manager of the
Virtus Newfleet Short Duration Core Plus Bond ETF (NYSE: SDCP); and James Craige, CFA, co-chief investment officer and head of emerging
markets at Stone Harbor Investment Partners, who co-manages
Virtus Stone Harbor Emerging Markets High Yield Bond ETF (NYSE: VEMY). The closing bell ceremony can be viewed
here.
“These three ETFs comprise a varied sampling of the high-quality
investment strategies we offer,” said Barry Mandinach, executive vice
president and head of distribution at Virtus. “Our investment partners
have decades of combined experience and our approach has been validated by
performance over time and across market cycles. We look forward to continuing
to expand our offerings of differentiated ETF strategies.”
Virtus Terranova U.S. Quality Momentum ETF
was launched in November 2020 to track the Terranova U.S. Quality Momentum
Index, created by Terranova as an equally weighted index providing exposure to
U.S. large-cap companies combining strong quality fundamentals with positive
momentum technical trends. “The investment methodology at the core of
JOET exemplifies the approach I have used to assess markets for more than 30
years,” said Terranova. “The three-year anniversary of this ETF,
and its recognition by the New York Stock Exchange, testify to the benefits
quality momentum can provide for investors.”
Virtus Newfleet Short Duration Core Plus Bond ETF
was launched in November 2023 as the fourth Virtus ETF Solutions strategy
managed by Newfleet Asset Management.
The fund invests primarily in investment-grade, short-duration debt securities from multiple
sectors. It seeks to capitalize on opportunities across undervalued areas of
the fixed-income markets, while mitigating fluctuations in net asset value due
to changes in interest rates.
Virtus Stone Harbor Emerging Markets High Yield Bond ETF
was the first actively managed ETF dedicated to emerging markets high-yield
debt. Launched in December 2022, VEMY opportunistically allocates to emerging
market high-yield debt securities, both sovereign and corporate. The ETF is
managed by
Stone Harbor Investment Partners, a
global credit specialist and a division of Virtus Fixed Income Advisors, LLC.
About Virtus ETF Solutions
Virtus ETF Solutions
is a multi-manager ETF sponsor that offers actively managed and index- based
investment capabilities across multiple asset classes, seeking to deliver a
family of complementary ETFs that provide investors access to differentiated
investment capabilities from select subadvisers.
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. We provide investment management products and services from our
affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product
types to meet a wide array of investor needs. Additional information about our
firm, investment partners, and strategies is available at
virtus.com.
Risk Considerations
Exchange-Traded Funds (ETF): The value of an ETF may be more
volatile than the underlying portfolio of securities it is designed to track.
The costs to the fund of owning shares of an ETF may exceed the cost of
investing directly in the underlying securities.
ABS/MBS: Changes in interest rates can cause both extension
and prepayment risks for asset- and mortgage-backed securities. These
securities are also subject to risks associated with the non-repayment of
underlying collateral, including losses to the portfolio.
Correlation to Index: The performance of the portfolio and
its index may vary due to factors such as flows, transaction costs, whether
the portfolio obtains every security in the index, and timing differences
associated with additions to and deletions from the index.
Credit & Interest: Debt instruments are subject to
various risks, including credit and interest rate risk. The issuer of a debt
security may fail to make interest and/or principal payments. Values of debt instruments may rise or fall in response to changes in interest rates, and
this risk may be enhanced with longer-term maturities.
Emerging Markets Investing: Emerging markets securities may
be more volatile, or more greatly affected by negative conditions, than those
of their counterparts in more established foreign markets.
Equity Securities: The market price of equity securities may
be adversely affected by financial market, industry, or issuer-specific
events. Focus on a particular style or on small, medium, or large-sized
companies may enhance that risk. Foreign Investing: Investing
in foreign securities subjects the portfolio to additional risks such as
increased volatility; currency fluctuations; less liquidity; less publicly
available information about the foreign investment; and political, regulatory,
economic, and market risk.
High Yield Fixed Income Securities: There is a greater risk
of issuer default, less liquidity, and increased price volatility related to
high yield securities than investment grade securities.
Income: Income received from the portfolio may vary widely
over the short- and long-term and/or be less than anticipated if the proceeds
from maturing securities in the portfolio are reinvested in lower-yielding
securities. Liquidity: Certain instruments may be difficult
or impossible to sell at a time and price beneficial to the portfolio.
Market Price/NAV: At the time of purchase and/or sale, an
investor’s shares may have a market price that is above or below the
fund’s NAV, which may increase the investor’s risk of loss.
Market Volatility: The value of the securities in the
portfolio may go up or down in response to the prospects of individual
companies and/or general economic conditions. Local, regional, or global
events such as war or military conflict, terrorism, pandemic, or recession
could impact the portfolio, including hampering the ability of the portfolio's
manager(s) to invest its assets as intended.
Momentum Factor Investing: Momentum investing is subject to
the risk that the securities may be more volatile than the market as a whole.
There may be periods when the momentum style of investing is out of favor and
therefore, the investment performance of the portfolio may suffer.
Non-Diversified: The portfolio is not diversified and may be
more susceptible to factors negatively impacting its holdings to the extent
the portfolio invests more of its assets in the securities of fewer issuers
than would a diversified portfolio.
Passive Strategy/Index Risk: A passive investment strategy
seeking to track the performance of the underlying Index may result in the
portfolio holding securities regardless of market conditions or their current
or projected performance. This could cause the portfolio's returns to be lower
than if the portfolio employed an active strategy.
Please consider the
Funds objectives, risks,
charges, and expenses
before investing.
Contact us at 1.800.243.4361 or visit virtus.com for a prospectus, which
contains this and other information about the Funds. Read the prospectus
carefully before investing.
ETFs distributed by VP Distributors,
LLC, member FINRA and subsidiary of Virtus Investment
Partners, Inc.
Media Relations Contacts
Ryan Graham
(862) 777-4274
rgraham@jconnelly.com
Joe Fazzino
(860) 263-4725
joe.fazzino@virtus.com