Sreeni Prabhu, Group Chief Information Officer and Managing Partner, Angel Oak Capital Advisors, said: “Our continued growth into the ETF space underscores our position as the leading candidate to fill a gap in the structured credit market for investors.”
The new ETF will be managed by Angel Oak’s portfolio team, which includes Ward Boates, who joined the firm in June.
“Today there are few opportunities as compelling as those found in US structured credit assets,” said Bortz. “We are in a market where these income-driven solutions are needed and sought after by investors. I am excited to continue growing his ETF business for the company to meet their needs.”