Angel Oak Launches Income ETF For Residential Mortgage Credit

The investment management firm, Angel Oak Capital Advisors, have just announced the launch of a new ETF looking to target residential mortgage credit opportunities. The Angel Oak Income ETF (CARY) is actively managed and offers significant exposure to U.S. structured credit, particularly in residential mortgage. CARY wants to give investors significant yield at an average duration when compared to similar corporate bond indexes. A quote from Angel Oak’s portfolio manager states, “We are at a time 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.”