Momentum Financial Services Group (AREA) has renewed and upsized its secured loan facility with Ares Alternative Credit funds to C$810 million. The commitment increased from C$657.9 million, an upsize of C$152.1 million, and includes an accordion feature that may provide up to an additional C$130 million of capacity. The facility’s term has been extended through January 2029. Momentum states that the larger facility will support growth in its Canadian loan receivables portfolio and help fund new products expected to launch in Canada and the United States. Ares Management Corporation (ARES) reports having over $671 billion in assets under management as of June 30, 2026.
Harbor Capital Advisors has expanded its ETF suite with the launch of two new funds: the Harbor AlphaEdge Large Cap-Value ETF (VLLU) and the Harbor AlphaEdge Next Generation REITs ETF (AREA). These additions follow the recent launch of the AlphaEdge Small Cap Earners ETF (EBIT).
VLLU tracks the Harbor AlphaEdge Large-Cap Value Index, comprising 75-150 companies with attractive fundamentals and value characteristics. It aims to provide a more efficient alternative to Russell 1000 Value exposure.
AREA focuses on non-traditional REITs, targeting property types positioned to benefit from secular trends and resilient to cyclical headwinds. It's designed for advisors seeking REIT investment benefits while avoiding structural challenges in traditional commercial real estate.
Both ETFs utilize proprietary strategies developed by Harbor's Multi-Asset Solutions Team, aiming to capitalize on market opportunities and provide enhanced returns for investors.