SEI has launched the SEI High Yield Bond & Alternative Credit ETF (NASDAQ:LEND), its first fixed income ETF, after reorganizing the SIMT High Yield Bond Fund into an ETF structure. The actively managed ETF keeps the mutual fund’s long-standing investment objective, strategy, and portfolio management approach intact while shifting investors into a more liquid and potentially lower-cost ETF wrapper.
The ETF seeks total return through exposure to sub-investment-grade and high-yield fixed income securities, blending traditional junk bond allocations with alternative credit exposure through collateralized loan obligations, or CLOs. SEI said the strategy leverages more than 20 years of CLO management experience alongside its manager-research platform to source differentiated credit strategies across multiple …
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