Reaves Asset Management is a leading asset management firm that specializes in publicly listed infrastructure equities. It is an independently-owned company that manages investment portfolios designed to provide both income and capital appreciation. It seeks to generate high single-digit returns with lower market volatility over the long term. Portfolio reviews are conducted regularly to reassess conviction with the objective of attaining optimum exposure for each position.
The Reaves Utility Income Fund is a publicly listed closed-end fund with an emphasis on paying a high distribution to shareholders through dividends and capital gains generated by its investments. The fund invests in infrastructure stocks, predominantly utilities.
The Reaves Utilities and Energy Infrastructure Fund is a registered, open-end mutual Fund. The philosophy and management are consistent with the firm's Long Term Value Strategy employed in managing its separately managed accounts.
The Virtus Reaves Utilities ETF is a registered exchange-traded fund. It seeks to provide total return through a combination of capital appreciation and income through investments in equity securities of companies in the utility sector.