Virtus Launches Active U.S. Preferred Securities Income ETF

Virtus Investment Partners has launched the Virtus InfraCap Preferred and Income Securities ETF (VPFF), an actively managed fund focused on U.S. preferred securities and hybrid income investments. The ETF will invest at least 80% of assets in preferred and similar income-producing securities, using a fundamental approach to identify issuers with strong cash generation and attractive valuations while avoiding preferreds with unfavorable yield-to-call profiles. VPFF may also invest in baby bonds, convertible securities, and senior notes, with an initial focus on the financial and real estate sectors.