Angel Oak has just announced the launch of a new actively managed ETF looking to invest credit assets. The Angel Oak UltraShort Income ETF (UYLD). UYLD plans to offer investors exposure to short-duration credits assets and cash-like instruments looking for the most relative value opportunities that are structured. A quote from the CIO of Angel Oak states, “In recent history, there has rarely been an investment opportunity as strong as what we see in the short-duration space to generate yield with the risk profile we are targeting.”
UYLD adds to Angel Oak’s ETF suite which has $20.8 billion assets under management.