MMC Ventures has launched an HMRC Approved Knowledge Intensive EIS Fund offering retail investors an opportunity to invest in the transformative technology companies MMC is known for and access tax planning and administrative advantages.
Launches & Fundraising
This week's new launches include two funds with green credentials, the new Climate Change Innovations ETF from Australian issuer BetaShares, and the world's first Paris-aligned fixed income fund from Tabula Investment Management. Elsewhere, Gabelli Funds debuted its actively managed Growth Innovators ETF which invests in businesses both enabling and benefiting from digital acceleration, while Invesco launched a new fund offering exposure to taxable municipal bonds, and Evolve got the green light for a bitcoin ETF.
Baillie Gifford, an independent investment management partnership, has launched the Keystone Positive Change Investment Trust plc, formerly known as the Keystone Investment Trust plc.
This week's new launches include not one, but two funds focused on Nasdaq-listed companies – Lyxor International Asset Management's Lyxor Nasdaq-100 UCITS ETF - Daily Hedged to EUR on Xetra and Börse Frankfurt, and Agio Funds TFI's Beta ETF Nasdaq-100 PLN-Hedged, on the Warsaw Stock Exchange (GPW). Elsewhere, LGIM launched what it says is the first pure hydrogen economy ETF in Europe, Brazilian asset manager Hashdex debuted a cryptocurrency fund, and AdvisorShares launched an actively-managed, hedged equity ETF. Global X meanwhile listed two new thematic ETFs focused on video gaming and esports and telemedicine and digital health.
Specialist tax-efficient investment manager Downing LLP has launched a new Enterprise Investment Scheme (EIS), giving investors the opportunity to support the unprecedented growth of companies at the cutting edge of healthcare.
Net retail sales reached GBP6.2 billion in December 2020, in the second largest monthly net retail sales figure on record after November 2020, new data published by the Investment Association (IA) reveals.
One of this week's new launches gives investors access to both pre- and post-merger Special Acquisition Companies (SPACs), or blank cheque companies, through the first ever ETF from EXOS Financial, the Morgan Creek – Exos SPAC Originated ETF. Other newcomers include four physically-backed metals ETCs from Global Palladium, Ossiam's Food For Biodiversity ETF, a low-volatility equity income fund from Truemark, and for crypto fans, the world's first Polkadot ETP from 21Shares.
Hercules Investments, a Registered Investment Adviser and alternatives investment manager, has launched the Hercules Fund (NFLHX), a mutual fund aimed at helping investors profit from stock market volatility amid Covid-19 uncertainty and risks of rising inflation.
Another bumper week for ETF launches saw 11 new funds from BMO Asset Management, including a suite of ETFs focused on innovation, plus four new Xtrackers funds providing access to US companies with a sector focus and Eurozone companies with a focus on sustainability. Staying with the ESG/sustainability theme we also have a new Japanese equities ETF from Amundi, plus a corporate bonds fund from L&G. The latest offering from Horizons ETFs meanwhile offers investors a trip into the world of companies looking at the use of psychedelic compounds, such as psilocybin and ketamine, as treatment for mental illness and other medical conditions.
Neuberger Berman has launched the NB Crossroads Private Markets Access Fund, a registered, continually offered closed-end fund that 'further democratises the firm's private equity offerings and increases access to these important portfolio solutions for individual investors'.