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“We are excited to be delivering our second actively managed ETF product in as many weeks,” said Sreeni Prabhu, group chief information officer and managing partner at Angel Oak Capital Advisors. “Our continued growth into the ETF space underscores our position as a front-runner in filling a gap in the structured credit market for investors.”

Angel Oak’s portfolio team, including Ward Bortz, who joined the firm in June, will manage the new ETF.

“There has rarely been an investment opportunity as compelling as what we are seeing today in US structured credit assets,” Bortz said. “We are at a time in the market when these income-driven solutions are needed and being sought after by investors. Angel Oak has been a pioneer in structured credit investing for over a decade, and I am excited to continue to grow the firm’s ETF business to help meet the needs of investors.”