Stone Harbor Investment Partners and Virtus ETF Solutions have introduced the Virtus Stone Harbor Emerging Markets High Yield Bond ETF the first actively managed ETF focused on emerging markets high yield debt. VEMY, Stone Harbor's initial ETF strategy, offers exposure to the higher growth and diversified economic cycles that emerging markets provide. The ETF, which seeks current income and, secondarily, capital appreciation, actively allocates opportunistically across a diversified portfolio of emerging market high yield debt securities, both sovereign and corporate, that are denominated in US dollars.

It is scheduled to pay monthly dividends. The Stone Harbor investment team managing VEMY is under the leadership of James E. Craige, CFA, co-chief investment officer and head of Emerging Markets, and includes Richard Lange, portfolio manager, Emerging Markets Corporate Debt, Asia, Euro High Yield -- Execution, Stuart Sclater-Booth, portfolio manager, Emerging Markets Debt, Global Sovereign, and Asset Allocation, and Darin Batchman, portfolio manager, Emerging Markets Corporate Debt, Latin America.