NEW YORK & BOSTON–(BUSINESS WIRE)–Natixis Investment Managers and its affiliate, Loomis, Sayles & Company, celebrated the launch of the Natixis Loomis Sayles Short Duration Income ETF (NYSE Arca: LSST) during the Opening Bell ceremony at the New York Stock Exchange this morning. Executives from both firms attended the event, including David Giunta, Natixis Investment Managers’ CEO for the US and Canada, and Loomis Sayles’ chairman and CEO Kevin Charleston. LSST began trading December 28, 2017.
“Our strategy for credit selection and allocation allows for flexibility and potential additional yield while managing risk exposures, even as monetary policy tightens.”
“We are pleased to offer investors the research expertise and renowned security selection of Loomis Sayles in an active ETF structure,” said David Giunta, President and CEO for the US and Canada at Natixis Investment Managers. “A shorter duration product, like LSST, can help mitigate the effects of rising rates while helping to construct a more diverse portfolio.”
LSST is an actively managed, high quality, short-duration ETF managed by Christopher Harms, Cliff Rowe, CFA and Kurt Wagner, CFA, an experienced team that currently co-manages $21 billion in assets across short- and intermediate-duration and core fixed income strategies at Loomis Sayles (as of March 31, 2018). The management team looks to allocate to various fixed income asset classes depending on their view of risk-adjusted relative value. The team’s philosophy is to seek to reduce risk when market compensation is low and take risk when compensation is high.
“The current interest rate environment gives investors a reason to consider allocating to less interest rate sensitive bonds, and more short duration fixed income assets like LSST,” said Chris Harms, Vice President and Co-Head of the Relative Return Team at Loomis Sayles. “Our strategy for credit selection and allocation allows for flexibility and potential additional yield while managing risk exposures, even as monetary policy tightens.”
Other participants in the Opening Bell ceremony included Natixis Investment Managers representatives Ed Farrington, EVP of Retirement Services; Rosa Licea-Mailloux, Deputy General Counsel and Fund Chief Compliance Officer; and Dan Santaniello, EVP of Sales Management. Loomis Sayles representatives included John Gidman, EVP and Chief Operating Officer; David Waldman, EVP and Deputy Chief Investment Officer; John Gallagher, EVP and Director of Institutional Services; and Chris Harms.