ETF Watch: 3 Firms Debut Funds

June 28, 2017

Virtus Rolls Out Inverse Exposure Fund

Virtus is launching an ETF that will offer inverse exposure to the U.S. large-cap equity space. The actively managed Virtus Enhanced Short U.S. Equity ETF (VESH) is able to sell futures contracts on the S&P 500 and its sector subindexes, and to engage in short sales of U.S. equity securities and U.S. equity ETFs.

The fund lists on the NYSE Arca and comes with an expense ratio of 0.55%.

According to the prospectus, VESH is managed by subadvisor Rampart Investment Management, which uses a quantitative strategy. Rampart relies on its research and analysis to overweight and underweight sectors with adjustments to the portfolio anticipated on a quarterly basis.

Contact Heather Bell at [email protected].

 

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