A "single-strategy specialist's" debut ETF recently crossed into nine-figures territory, two years after launch.
| Alexi Panagiotakopoulos|
Chief Investment Officer, Partner
, senior vice president and head of distribution at Fundamental Income
, and Alexi Panagiotakopoulos
, chief investment officer and partner, confirm
that their Net Lease Corporate Real Estate ETF
(NETL on the NYSE Arca now has more than $100 million in AUM. The fund first debuted on March 21, 2019.
NETL tracks the NASDAQ-calculcated Fundamental Income Net Lease Real Estate Index
, which covers 25 publicly traded REITs with more than $150 million in combined market cap. The Fundamental Income team pitches the fund as "the first and only publicly traded ETF to define the net lease sector as a pure play."
"Reaching this milestone shows investors are seeking the benefits and opportunity associated with net lease real estate in this lower-for-longer interest rate environment where risk-adjusted yield is in high demand," Panagioakopoulos states.
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