Virtus launches real estate income ETF with multi-asset strategy

Virtus Investment Partners (NYSE: VRTS) launched the Virtus Duff & Phelps Real Estate Income ETF (NYSE Arca: DPRE), marking the company's 25th exchange-traded fund offering. The fund is managed by Duff & Phelps Investment Management Co.

The ETF seeks to provide income with capital appreciation as a secondary objective by investing in a portfolio comprising 60% to 80% equity REITs and 20% to 40% investment-grade real estate debt and preferred securities. The multi-asset approach aims to deliver yield while reducing volatility compared to all-equity REIT portfolios.

Duff & Phelps, founded in 1932, specializes in real assets management and employs a bottom-up investment process emphasizing fundamental research and intrinsic value analysis. The firm manages strategies including U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy.

"In a category dominated by passive products, we believe a multi-asset, actively managed approach can provide meaningful benefits to investors seeking income and risk-adjusted returns," said Frank J. Haggerty, Jr., senior managing director and senior portfolio manager at Duff & Phelps.

The fund represents Virtus ETF Solutions' expansion into actively managed real estate investment strategies. Virtus ETF Solutions operates as a multi-manager platform offering both actively managed and index-based capabilities across multiple asset classes.

The information is based on a company press release. The fund carries various risks including market volatility, issuer risk, and the potential for market price to differ from net asset value.

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