Voya Introduces Multi-Manager Alternative CITs for DC Plans
Voya Investment Management launched two multi-manager alternative collective investment trusts designed for defined contribution retirement plans.
The offerings—focused on alternative fixed-income and alternative equity strategies—combine multiple managers within a single vehicle to help reduce concentration risk while expanding access to private-market exposures. Initially available through adviser-managed accounts on Voya’s retirement platform, Voya stated that the CITs are intended to provide retirement investors with professionally managed alternative allocations within a fiduciary-focused framework.
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Baillie Gifford Debuts First US ETF Lineup
Baillie Gifford & Co. is entering the U.S. exchange-traded-fund market with a suite of actively managed strategies focused on international and emerging-market equities. The launch includes a dedicated emerging markets ETF, an international alpha strategy and two existing mutual funds converted into ETF vehicles.
According to the firm, the product launches build on its plans to expand its presence in the U.S., the domicile of more than $100 billion of its $260 billion in global assets under management.
Barings, Pacer Partner On CLO, Secured Credit ETFs
Alternative investment management firm Barings LLC and exchange-traded-fund provider Pacer ETFs teamed up to launch actively managed fixed-income ETFs targeting collateralized loan obligations and broader secured credit opportunities.
Pending regulatory approval, the ETFs will be managed by Barings’ Global High Yield and CLO platform and will invest across CLO debt, senior secured loans, and secured high-yield bonds. The partnership seeks to capitalize on growing investor demand for actively managed income strategies and alternative credit exposure delivered in an ETF wrapper.
