Evan Lang joins as Portfolio Manager and Principal Analyst
CHICAGO, August 22, 2022 /PRNewswire/ — Duff & Phelps Investment Management Co.affiliate manager of Virtus Investment Partners, Inc.today announced that Evan Lang, CFA, has joined Duff & Phelps as portfolio manager for its Water strategy.
Lang will serve as Managing Director, Portfolio Manager and Principal Research Analyst for the Duff & Phelps Water Strategy. Lang will report to David Grumhaus, President and Chief Investment Officer, and the two will share co-portfolio management duties for the Virtus Duff & Phelps Water Fund (Institutional Equities: AWTAX).
Lang has actively followed the water sector throughout his career in the investment industry. His research focuses on supply, quality and efficiency in the water sector, and he has an in-depth knowledge of the companies that make up the water universe, industry trends and best practices. in terms of sustainability. Prior to joining Duff & Phelps, he was a portfolio manager at TortoiseEcofin, where he co-managed a global sustainable water strategy. He also built a water universe that evolved into an index that launched a global ESG ETF on water.
Lang holds a BBA in Finance and Entrepreneurial Management from the Neeley School of Business at Texas Christian University and John V. Roach Honors College. He also earned the Chartered Financial Analyst (CFA®) designation.
“This is an exciting time for Duff & Phelps as we continue to develop our investment strategies with industry veterans,” Grumhaus said. “Evan’s experience and expertise will be invaluable as we strengthen the resources of our water team.”
Lang said: “What attracted me to Duff & Phelps was their long history in real assets, their commitment to ESG and the strength of the team of analysts who will support the company’s strategy. water.” He added: “We share a similar approach and process, and I’m excited to be up and running.”
Duff & Phelps managed $13.2 billion in assets, including $800 million in water-related assets, as of July 31, 2022, and offers a variety of specialist investment strategies with exceptional depth of resources and expertise. expertise to institutional and individual investors.
About Duff & Phelps Investment Management
Duff & Phelps Investment Management Co., an affiliate manager of Virtus Investment Partners, Inc., began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialized investment strategies that improve client outcomes through a active portfolio management and personalized solutions, using a process with values that include quality, reliability and specialization. Investment strategies include US and global real estate securities, global listed infrastructure, energy infrastructure, water and clean energy.
About Virtus Investment Partners, Inc.
Virtus Investment Partners is a distinctive partnership of specialist investment managers uniquely committed to the long-term success of individual and institutional investors. The Company provides investment management products and services through its affiliated managers and certain sub-advisors, each with a distinct investment style, independent investment process and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide range of investor needs.
Important Risk Considerations
Issuer risk: The Portfolio will be affected by factors specific to the issuers of securities and other instruments in which the Portfolio invests, including actual or perceived changes in the financial condition or business prospects of such issuers. Market volatility: Local, regional or global events such as war, acts of terrorism, the spread of infectious diseases or other public health issues, recessions or other events could have a significant impact on the portfolio and its investments , including by impeding the ability of the portfolio manager(s) to invest portfolio assets as intended. Sustainable investment: Because the portfolio focuses on investing in companies that the manager believes have strong environmental, social and corporate governance records, the portfolio’s investment universe may be smaller than that of other portfolios and broad benchmarks. Equity securities: The market price of equity securities may be adversely affected by events specific to financial markets, the industry or the issuer. Focusing on a particular style or on small or medium-sized companies can increase this risk. Water risk: Because the portfolio concentrates its investments in water-related companies, it is particularly affected by events or factors relating to this sector, which can increase risk and volatility. Targeted investments: To the extent that the Portfolio concentrates its investments in a limited number of issuers, sectors, industries or geographic regions, it may be subject to increased risk and volatility. Foreign investment: Investing in foreign securities exposes the portfolio to additional risks such as increased volatility; currency fluctuations; less cash; less publicly available information on foreign investment; and political, regulatory, economic and market risks.
Past performance is not indicative of future results and current performance may be higher or lower than the performance indicated. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.
Please consider a fund’s investment objectives, risks, charges and expenses carefully before investing. For this and other information about any Virtus fund, contact your financial representative, call 800-243-4361 or visit virtus.com for a prospectus or a simplified prospectus. Read it carefully before investing.
Virtus mutual funds are distributed by VP Distributors, LLCmember FINRA and subsidiary of Virtus Investment Partners, Inc.
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