On Tuesday, February 25, executives and guests of AdvisorShares and Newfleet Asset Management will visit the New York Stock Exchange (NYSE) to highlight the AdvisorShares Newfleet Multi-Sector Income ETF. The actively managed fund began trading on NYSE Arca on March 20, 2013 under the ticker symbol "MINC".
Sponsored by AdvisorShares, MINC is a short-term bond portfolio managed by Newfleet, which has been ranked by Lipper as the number-one taxable bond manager for two of the last four years in Barron's annual survey of the nation's top fund companies. In executing MINC's strategy, Newfleet's experienced portfolio management team utilizes a three-step process that focuses on sector analysis and allocation, security selection and portfolio construction. Applying an opportunistic approach to active management by overweighting and underweighting 14 different bond sectors, the portfolio management team aims to build a diversified and tactical bond portfolio with competitive yield and low duration. (Source: AdvisorShares)
To highlight the occasion, Noah Hamman, Chief Executive Officer of AdvisorShares, and David Albrycht, President and Chief Investment Officer of Newfleet, joined by members of their companies' teams, will ring the NYSE Opening Bell.
AdvisorShares offers the most actively managed exchange-traded funds (ETFs) of any investment provider. As of February 14, 2014, AdvisorShares offers 23 active ETFs currently trading with approximately $1,340,000,000 of assets under management. AdvisorShares provides educational support to help financial advisors and investors understand the benefits of actively managed ETFs and their underlying investment strategies. (Source: AdvisorShares)
About Newfleet Asset Management
Newfleet Asset Management, an affiliated manager of Virtus Investment Partners, provides comprehensive fixed income portfolio management, including multi-sector, enhanced core, and core plus strategies and dedicated sector strategies such as emerging markets debt, bank loans and high yield. Newfleet leverages the knowledge and skill of a team of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors. (Source: Newfleet Asset Management)
Virtus ranked 1 of 62 fund families as the Best Taxable Bond Fund Family, on a one-year basis in the Barron's/Lipper 2012 Fund Survey, published in the February 11, 2013 issue of Barron's. Ranked 42 of 58 in 2011 and 1 of 57 in 2010. To qualify for the survey, a fund group must have funds in five categories: general U.S. stock, global or international, fixed asset, taxable bond and tax exempt bond. Returns were calculated minus the effects of sales charges and 12b-1 fees. Rankings were asset-weighted, so larger funds had a greater impact on a fund family's overall ranking, then weighted by category, with each category assigned a percentage.