QUICK SPARK: Virtus Converts Two Mutual Funds Into Growth ETFs
Virtus converts two Zevenbergen mutual funds into actively managed ETFs ZINN and ZDIS, bringing $207.8M in combined assets to its ETF lineup.
Virtus is changing two of its mutual funds (a type of investment pool) into ETFs (a different type that trades like a stock). This move brings more money into their ETF business, which shows they believe this type of investing is growing.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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