HARTFORD, Conn., Dec. 24, 2019 /PRNewswire/ -- Virtus
Investment Partners, Inc. (NASDAQ: VRTS), which operates a
multi-boutique asset management business, today announced that its
subsidiary Virtus ETF Advisers, LLC has entered into an agreement
to license ActiveShares®, the proprietary actively
managed exchanged-traded fund structure from Precidian Investments,
LLC.
The Precidian model enables a company to deliver actively
managed investment strategies in an ETF vehicle without disclosing
holdings on a daily basis.
Virtus has offered ETFs since 2015 and currently has 13 ETFs,
with $1.1 billion in assets under
management as of September 30, 2019,
managed by affiliated managers and select subadvisers.
About Virtus Investment Partners
Virtus Investment Partners, Inc. (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 Investment Partners offers
access to a variety of investment styles across multiple
disciplines to meet a wide array of investor needs. Its affiliates
include Ceredex Value Advisors, Duff & Phelps Investment
Management, Kayne Anderson Rudnick Investment Management, Newfleet
Asset Management, Rampart Investment Management, Seix Investment
Advisors, Silvant Capital Management, Sustainable Growth Advisers,
and Virtus ETF Solutions. Additional information is available at
virtus.com.
About Precidian Investments
Precidian Investments is an industry leader in the creation of
innovative financial products, specializing in exchange-traded fund
(ETF) and mutual fund development, and associated trading and
pricing technologies. Precidian designs and develops
next-generation tools for the mutual fund industry, ETF providers
and leading financial services institutions to meet the needs of
today's more sophisticated investors. Expertise in product
development, trading, clearance, sales, technology, and securities
law enables Precidian to more efficiently design and build
cutting-edge financial instruments.
Forward-Looking Information
This press release contains statements that are, or may be
considered to be, forward-looking statements. All statements that
are not historical facts, including statements about our beliefs or
expectations, are "forward-looking statements" within the meaning
of The Private Securities Litigation Reform Act of 1995. These
statements may be identified by such forward-looking terminology as
"expect," "estimate," "plan," "intend," "believe," "anticipate,"
"may," "will," "should," "could," "continue," "project," or similar
statements or variations of such terms. Our forward-looking
statements are based on a series of expectations, assumptions and
projections about our company, are not guarantees of future results
or performance, and involve substantial risks and uncertainty,
including assumptions and projections concerning our assets under
management, cash inflows and outflows, operating cash flows, our
ability to expand distribution and product offerings, and future
credit facilities, for all forward periods. All of our
forward-looking statements are as of the date of this release only.
The company can give no assurance that such expectations or
forward-looking statements will prove to be correct. Actual results
may differ materially.
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SOURCE Virtus Investment Partners