HARTFORD, Conn., June 23, 2021 /PRNewswire/ -- Virtus
Investment Partners (NASDAQ: VRTS), which operates a
multi-boutique asset management business, and affiliated manager
Kayne Anderson Rudnick Investment Management (KAR) today
introduced the Virtus KAR Developing Markets Fund (I Share: VIDMX),
which offers investors exposure to high-quality companies in
developing market countries.
The Fund, managed by Hyung Kim
and Craig Thrasher, CFA, provides
access to a high-conviction, concentrated portfolio of
approximately 30-60 holdings consisting of the stocks of companies
across market capitalizations that are located in developing
markets. Kim said there are numerous opportunities and rewards with
investing in developing markets, which are generally considered
emerging and frontier markets. "We believe the biggest future
growth opportunities are going to be found in the fastest-growing
economies," he said.
The Fund follows KAR's approach of identifying market-dominant
businesses, described by Thrasher as companies that have
sustainable competitive advantages, strong management, and low
financial risk characteristics with the potential to grow over
market cycles.
KAR's Chief Investment Officer Doug
Foreman said, "We are pleased to introduce this fund which
builds on the breadth of our experience and our success in the
emerging markets small-cap segment. We believe developing market
countries offer equally compelling opportunities to invest in
quality companies with differentiated business models."
Barry Mandinach, executive vice
president and head of distribution at Virtus, added that the Virtus
KAR Developing Markets Fund aligns with KAR's commitment to use
deep fundamental research to create strong performing strategies in
a variety of product structures.
"KAR is a great partner with a multitude of distinctive
investment strategies that are attractive to mutual fund investors
and our distribution partners," Mandinach said. "KAR continues to
demonstrate strength in equity investing in the domestic and
international markets."
About Kayne Anderson
Rudnick
Kayne Anderson Rudnick is an
investment management firm founded in 1984 by entrepreneurs
Richard Kayne and John Anderson, for whom the Anderson School of
Management at the University of California,
Los Angeles is named. Based in Los
Angeles, the firm had $56.3
billion in assets under management as of March 31, 2021. The company builds equity
portfolios of companies that have strong, consistent growth with
low business and financial risk and manages assets for
corporations, endowments, foundations, public entities and
high-net-worth individuals. With more than 30 years of experience,
KAR is known for its commitment to high quality in its business
practices and investment strategies.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors.
The company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. Virtus Investment Partners offers access to a
variety of investment styles across multiple disciplines to meet a
wide array of investor needs. In addition to Kayne Anderson Rudnick
Investment Management, Virtus' affiliates include Ceredex Value
Advisors, Duff & Phelps Investment Management, Newfleet Asset
Management, NFJ Investment Group, Seix Investment Advisors, Silvant
Capital Management, Sustainable Growth Advisers, and Virtus ETF
Solutions.
Risk Considerations
Equity Securities: The market price of equity securities
may be adversely affected by financial market, industry, or
issuer-specific events. Focus on a particular style or on small- or
medium-sized companies may enhance that risk. Foreign &
Emerging Markets: Investing internationally, especially in
emerging markets, involves additional risks such as currency,
political, accounting, economic, and market risk.
Non-Diversified: The fund is non-diversified and may be more
susceptible to factors negatively impacting its holdings to the
extent that each security represents a larger portion of the fund's
assets. Market Volatility: Local, regional, or global events
such as war, acts of terrorism, the spread of infectious illness or
other public health issues, recessions, or other events could have
a significant impact on the portfolio and its investments,
including hampering the ability of the portfolio manager(s) to
invest the portfolio's assets as intended. Prospectus: For
additional information on risks, please see the fund's
prospectus.
Please consider the investment objectives, risks, charges,
and expenses of the fund carefully before investing. The prospectus
contains this and other information about the fund. For this and
other information about any Virtus mutual fund, contact your
financial representative, call 1-800-243-4361, or visit
Virtus.com. Read the prospectus carefully before you invest
or send money.
Distributed by VP Distributors, LLC, member FINRA and
subsidiary of Virtus Investment Partners, Inc.
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SOURCE Virtus Investment Partners, Inc.