ETF Trends
ETF Trends

On Friday we spoke about an actively managed ETF from AdvisorShares, MATH (Meidell Tactical Advantage, Expense Ratio 1.58%), and today we will stay within that fund family and address The March 2013 launched MINC (Newfleet Multi-Sector Income, Expense Ratio 0.75%) has raised $98.8 million since inception and has grown to be the third largest product in the AdvisorShares lineup.

Categorized in the corporate bond category, MINC employs an active strategy where the portfolio managers employ “active fixed income sector rotation and quality security selection, combined with disciplined risk management” according to fund literature.

The fund is also categorized as having a short-duration portfolio within the investment grade corporate bond realm, putting it in the same broad category as LQD (iShares iBoxx $ Investment Grade Corporate Bond, Expense Ratio 0.15%), CSJ (iShares Barclays 1-3 Year Credit Bond, Expense Ratio 0.20%), and VCSH (Vanguard Short-Term Corporate Bond, Expense Ratio 0.12%), which are all large funds in terms of assets under management ($7.3 billion -$15.3 billion range currently).

The fact that MINC is actively managed has caught the attention of those looking for active acumen in the space, judging by its rising level of trading volume over time (approximately 10,000 shares ADV), and it certainly does not hurt that the manager, Newfleet Asset Management, is an investment subsidiary of the well-known Virtus Investment Partners, whose footprint and influence in the ETF managed portfolio space is already evident.

AdvisorShares Newfleet Multi-Sector Income ETF

For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at pweisbruch@streetonefinancial.com.

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