Virtus Introduces Virtus Seix AAA Private Credit CLO ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
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Source: Newsfilter
Introduction of New ETF: Virtus Investment Partners has launched the Virtus Seix AAA Private Credit CLO ETF (PCLO), which focuses on investing in AAA rated private credit collateralized loan obligations, aiming to provide higher income and lower volatility compared to traditional fixed income investments.
Expertise and Management: Managed by Seix Investment Advisors, the ETF leverages nearly 20 years of experience in the CLO asset class, emphasizing a disciplined approach to portfolio management and risk management strategies.
Analyst Views on VRTS
Wall Street analysts forecast VRTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRTS is 181.00 USD with a low forecast of 158.00 USD and a high forecast of 218.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
1 Hold
2 Sell
Hold
Current: 169.410
Low
158.00
Averages
181.00
High
218.00
Current: 169.410
Low
158.00
Averages
181.00
High
218.00
About VRTS
Virtus Investment Partners, Inc. provides investment management and related services to institutions and individuals. It offers investment strategies for institutional and individual investors in different investment products and through multiple distribution channels. It provides various asset classes (equity, fixed income, multi-asset and alternatives), geographies (domestic, global, international and emerging), market capitalizations (large, mid and small), styles (growth, core and value) and investment approaches (fundamental and quantitative). Its retail products include open-end funds, closed-end funds and retail separate accounts. Its institutional products are offered to a variety of institutional clients through institutional separate accounts and commingled accounts, including sub advisory services to other investment advisers and its sponsored structured products. Its institutional products are marketed through relationships with consultants as well as directly to clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
