Pacific Global ETFs adds another income-focused fund to its lineup
Pacific Global ETFs, one of Pacific Life’s family of funds, has added a floating-rate loan exchanged-traded fund (ETF) to its lineup.
Pacific Global Senior Loan ETF (NYSE: FLRT) is an actively managed fund designed to produce income from floating-rate loans (also known as senior loans) and floating-rate debt securities.
“We believe that passive management is an inefficient strategy for floating-rate loan funds,” says Anthony J Dufault, managing director of Pacific Global ETFs. “Our experienced team of fixed-income professionals seeks to add value by carefully selecting highly liquid, floating-rate loans of non-investment-grade companies.”
Pacific Global ETFs recently completed the adoption of AdvisorShares’ Pacific Asset Enhanced Floating Rate ETF. Shareholders voted to approve its merger and reorganisation into Pacific Global Senior Loan ETF at the end of 2019. The fund’s existing assets and its nearly four-year track record have transitioned to Pacific Global Senior Loan ETF. Pacific Asset Management, which manages over USD4.5 billion in floating-rate loan strategies, continues to manage the ETF as its sub-advisor.