ASMF leverages AlphaSimplex’s expertise in
systematic alternative investment strategies
Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its
offerings of distinctive, actively managed exchange-traded funds
with the introduction of the Virtus AlphaSimplex Managed Futures
ETF (NYSE: ASMF), the first ETF strategy managed by AlphaSimplex
Group, LLC.
The Virtus AlphaSimplex Managed Futures ETF utilizes
AlphaSimplex’s proprietary research and dynamic risk management
systems to analyze market behavior and adapt to changing market
dynamics. The firm’s risk models are designed to detect changes in
portfolio risk and adjust to varying levels of market volatility,
allowing for daily monitoring and management of portfolio
positions.
ASMF aims to deliver diversification to traditional long-only
portfolios by seeking positive risk-adjusted returns with low
long-term correlations to traditional asset classes. The ETF is
designed to target the risk/return characteristics of the 20
largest managed futures funds in the world, as measured by the SG
CTA Index. It can offer long or short exposure to global equities,
fixed income, currencies, and commodities through exchange-traded
futures contracts.
“Incorporating diversified sources of return within investment
portfolios is widely accepted as a core tenet of asset allocation.
Managed futures have historically generated positive long-term
absolute returns independent of overall market direction, providing
a differentiated source and pattern of returns compared to
traditional stock and bond portfolios,” said AlphaSimplex chief
investment officer and portfolio manager Alexander D. Healy, Ph.D.,
who manages ASMF with Kathryn M. Kaminski, Ph.D., CAIA, chief
research strategist and portfolio manager. “With ASMF, we have
combined our experience in managed futures investing with our
expertise in replicating hedge fund returns to create an innovative
product designed to bring this diversifying industry exposure to a
wide range of investors.”
Virtus’ multi-manager ETF platform, Virtus ETF Solutions, now
offers 18 actively managed and index-based ETFs across multiple
asset classes. These include the Virtus Terranova U.S. Quality
Momentum ETF (JOET) as well as ETFs managed by other Virtus
affiliated managers, Duff & Phelps Investment Management Co.,
Newfleet Asset Management, Seix Investment Advisors, and Stone
Harbor Investment Partners.
“AlphaSimplex has been redefining systematic strategies for 25
years,” said William J. Smalley, executive managing director,
Virtus ETF Solutions. “ASMF addresses the limitations of
traditional strategies by employing a hybrid approach, combining
aspects of top-down and bottom-up techniques, aiming to improve
risk-adjusted returns while reducing tracking error relative to the
index. It seeks to deliver ‘enhanced beta’ exposure to the index
with daily liquidity in an efficient and transparent ETF
wrapper.”
About AlphaSimplex
AlphaSimplex is a registered investment adviser and affiliated
manager of Virtus Investment Partners that seeks to expand the way
the world invests with the power of diversification. The firm
specializes in researching and analyzing markets and behaviors,
including volatility and risk. AlphaSimplex develops systematic
investment strategies that are designed to adapt to changing market
dynamics, using primarily liquid futures and forward contracts. The
firm seeks to deliver investment success and positively impact
clients and colleagues by embracing a thoughtful culture of
innovation, collaboration, and excellence.
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 (NYSE: 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 portfolio of owning shares of
an ETF may exceed the cost of investing directly in the underlying
securities. Derivatives: Derivatives may include, among
other things, futures, options, forwards and swap agreements and
may be used in order to hedge portfolio risks, create leverage, or
attempt to increase returns. Investments in derivatives may result
in increased volatility and the portfolio may incur a loss greater
than its principal investment. 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. Interest Rate: The values of debt instruments may
rise or fall in response to changes in interest rates, and this
risk may be enhanced for securities with longer maturities.
Credit Risk: If the issuer of a debt instrument fails to pay
interest or principal in a timely manner, or negative perceptions
exist in the market of the issuer’s ability to make such payments,
the price of the security may decline. Currency Rate:
Fluctuations in the exchange rates between the U.S. dollar and
foreign currencies may negatively affect the value of the
portfolio’s shares. Commodity and Commodity-Linked
Instruments: Commodity and commodity-linked instruments may
experience a return different than the commodity they attempt to
track and may also be exposed to counterparty risk. Foreign
& Emerging Markets: Investing in foreign securities,
especially in emerging markets, subjects the portfolio to
additional risks such as increased volatility, currency
fluctuations, less liquidity, and political, regulatory, economic,
and market risk. Leverage: When a portfolio is leveraged,
the value of its securities may be more volatile and all other
risks may be compounded. Financial Concentration: Because
the portfolio is presently heavily weighted in the financial
sector, it will be impacted by that sector’s performance more than
a portfolio with broader sector diversification. Portfolio
Turnover: The portfolio’s principal investment strategies may
result in a consistently high portfolio turnover rate. A higher
portfolio turnover rate may indicate higher transaction costs and
may result in higher taxes when the portfolio is held in a taxable
account. Quantitative Model: Investments selected using
quantitative models may perform differently from the market as a
whole or from their expected performance. There can be no assurance
that use of a quantitative model will enable the portfolio to
achieve positive returns or outperform the market. 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, terrorism, pandemic, or recession could impact
the portfolio, including hampering the ability of the portfolio’s
manager(s) to invest its assets as intended.
Prospectus: For additional information on risks, please
see the fund’s prospectus.
The SG CTA Index is designed to represent the performance of the
20 largest Trend Following commodity trading advisors (CTA)
programs in the managed futures space. To qualify for inclusion in
the index, a program must be open to new investment, report returns
on a daily basis, be an industry recognized trend follower as
determined at the discretion of the SG Index Committee, and must
exhibit significant correlation to trend following peers and the SG
Trend Indicator. The index is equally weighted, and rebalanced and
reconstituted annually. AlphaSimplex Group, LLC is a part of the SG
CTA Index.
Please consider the investment objectives, risks, charges,
and expenses of the fund carefully before investing. The prospectus
contains this and other information about the fund. Contact us at
1-800-243-4361 or visit virtus.com for a copy of the fund's
prospectus. Read the prospectus carefully before you invest or send
money.
Distributed by VP Distributors, LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240517226240/en/
Media Relations Contacts Ryan Graham (862) 777-4274
rgraham@jconnelly.com
Joe Fazzino (860) 263-4725 joe.fazzino@virtus.com
Virtus Investment Partners (NYSE:VRTS)
過去 株価チャート
から 5 2024 まで 6 2024
Virtus Investment Partners (NYSE:VRTS)
過去 株価チャート
から 6 2023 まで 6 2024
