Voya Advises On New Mortgage-Backed Security ETF
ETF reports that WisdomTree has launched “an actively managed fixed-income ETF focused on mortgage-backed securities that are backed by the U.S. government or its agencies,” with Voya Investment Management subadvising the new fund “using macro and fundamental research.” Voya Head of Securitized Debt Dave Goodson said of the new offering, “This is not a place that has been particularly well served to date, and we see the opportunity there. Part of it is that there are still scars from the Financial Crisis. Certainly I would have to concede to you that securitized products were at the core of it.” However, Goodson notes that securitized markets “are a much safer place” than they were a decade ago, saying, “as an investor in those markets … I feel better protected than I ever have been. The balance of factors right now points in favor of securitized. From a tactical standpoint even, we think it makes sense now to have an allocation to securitized products.”