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Truist Financial Corporation (TFC) and Sterling Capital Management have launched the Sterling Capital Diverse Multi-Manager Active ETF (DEIF), aiming to enhance investment opportunities for diverse-owned asset managers. Truist has allocated $100 million to support this ETF's launch. DEIF features three actively managed strategies focusing on U.S. large-cap value, large-cap growth, and mid-cap core, each handled by diverse-owned sub-advisors. The initiative aims to advance diversity, equity, and inclusion in financial services while providing investors access to these strategies.