HARTFORD, Conn., Dec. 24, 2019 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that its subsidiary Virtus ETF Advisers, LLC has entered into an agreement to license ActiveShares®, the proprietary actively managed exchanged-traded fund structure from Precidian Investments, LLC.
The Precidian model enables a company to deliver actively managed investment strategies in an ETF vehicle without disclosing holdings on a daily basis.
Virtus has offered ETFs since 2015 and currently has 13 ETFs, with $1.1 billion in assets under management as of September 30, 2019, managed by affiliated managers and select subadvisers.
Precidian Investments is an industry leader in the creation of innovative financial products, specializing in exchange-traded fund (ETF) and mutual fund development, and associated trading and pricing technologies. Precidian designs and develops next-generation tools for the mutual fund industry, ETF providers and leading financial services institutions to meet the needs of today's more sophisticated investors. Expertise in product development, trading, clearance, sales, technology, and securities law enables Precidian to more efficiently design and build cutting-edge financial instruments.
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