A "single-strategy specialist's" debut ETF recently crossed into nine-figures territory, two years after launch.

Alexi Panagiotakopoulos Fundamental Income Chief Investment Officer, Partner

Matt Brudvik, senior vice president and head of distribution at Fundamental Income, and Alexi Panagiotakopoulos, chief investment officer and partner, confirm that their Net Lease Corporate Real Estate ETF (NETL on the NYSE Arca now has more than $100 million in AUM. The fund first debuted on March 21, 2019.

NETL tracks the NASDAQ-calculcated Fundamental Income Net Lease Real Estate Index, which covers 25 publicly traded REITs with more than $150 million in combined market cap. The Fundamental Income team pitches the fund as "the first and only publicly traded ETF to define the net lease sector as a pure play."

"Reaching this milestone shows investors are seeking the benefits and opportunity associated with net lease real estate in this lower-for-longer interest rate environment where risk-adjusted yield is in high demand," Panagioakopoulos states. 

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