Virtus Investment Partners has launched three new funds: the Virtus Allocator Premium AlphaSector, the Virtus Global Premium AlphaSector and the Virtus Global Commodities Stock funds.
The AlphaSector funds seek to minimize portfolio risk during severe market downturns and the commodities fund offers exposure to an alternative asset class.
“The addition of these three funds expands the breadth and depth of our product offerings and provides additional options for advisers to utilize when constructing portfolios for their clients,” said Frank Waltman, executive vice president, product management at Virtus.
The Virtus Allocator Premium AlphaSector Fund invests in exchange-traded funds and cash equivalents and uses a proprietary quantitative analytical model developed by F-Squared Investments and used in the Virtus Premium AlphaSector Fund and the Virtus AlphaSector Rotation Fund. The model seeks to provide risk controls in down markets and enhanced alpha in up markets.
The Virtus Allocator Premium AlphaSector Fund offers global diversification by investing in four asset classes via ETFs: domestic equities, international and emerging markets equities, fixed income and such alternatives as real estate and gold.
Both of these funds can take defensive positions in volatile, downward-trending markets; the Virtus Global Premium AlphaSector Fund can invest up to 100% of its assets in cash equivalents.
The Virtus Global Commodities Stock Fund invests in the stocks of commodities and commodity-related companies in four sectors: base metals, precious metals, energy and agriculture. The fund is sub-advised by Harris Investment Management in conjunction with commodities expert Coxe Advisors.