Virtus Investment Partners (NYSE: VRTS) announced the launch of the Virtus InfraCap Preferred and Income Securities ETF (NYSE Arca: VPFF), an actively managed fund subadvised by Infrastructure Capital Advisors. VPFF primarily invests in U.S. preferred securities and uses active management to address callable, interest-rate, and issuer-concentration risks.
According to Virtus, VPFF responds to investor demand for an unlevered version of the Virtus InfraCap U.S. Preferred Stock ETF (PFFA), targeting current income with diversified preferred holdings and disciplined risk management. The ETF is part of the Virtus ETF Solutions multi-manager platform, and is subject to ETF, issuer, equity, non-diversified, market price/NAV, and market volatility risks.