This week’s new ETF launches include a couple of funds with a focus on the future – a SmartETFs Smart Transportation & Technology ETF from Guinness Atkinson and a NextGen Food & Sustainability ETF from Defiance. Elsewhere, First Trust debuted a factor-based fixed income UCITS ETF, while SSGA launched a new emerging markets Government bond fund, and Goldman Sachs added three smart beta ETFs to it’s offering.
Launches & Fundraising
Asset manager ACTIAM has launched the ACTIAM (L) Sustainable Emerging Markets Debt Fund.
Geneva-based asset management firm Notz Stucki has expanded its range of long-only strategies with the launch of the DGC Notz Stucki Kepler Cheuvreux European Selection.
The VCT season continues to pick up steam, with Maven announcing its intention to raise GBP15 million across two of its VCTs. It follows on from recent high profile launches from Albion, Mobeus and Octopus Titan.
Following a couple of quiet weeks, new funds are back with a bang (or perhaps that should be FANG?) with a new ETN from REX Shares based on the NYSE FANG+ index of the world’s 10 biggest innovation firms. Elsewhere, BNP Paribas launched five new Easy ETFs, ProShares expanded its lineup of dividend growth ETFs, and BlackRock debuted Europe’s first ESG high yield Bond UCITS ETFs.
GMEX Group (GMEX), a specialist in digital business technology solutions for capital markets, in collaboration with Digital Partners Network (DPN), is to launch the Digital Investment Fund PCC (DIF).
iM Global Partner, an investment and development platform focused on acquiring strategic investments, and Scharf Investments, an investment firm providing high quality value investment strategies, have launched the iM Scharf US Quality Value fund, the first collaborative UCITS fund between the two firms.
Liontrust is to broaden its sustainable investment offering to European fund buyers through the launch of the Irish-domiciled GF Sustainable Future Global Growth Fund on 12 November 2019.
Fidelity Investments has launched four new thematic investment products – Fidelity Enduring Opportunities Fund (FEOPX), Fidelity Infrastructure Fund (FNSTX), Fidelity US Low Volatility Equity Fund (FULVX), and Fidelity Stocks for Inflation ETF (FCPI).
In another quiet week for ETF launches we have news of four new Target Outcome funds from First Trust Advisors, which are managed and sub-advised by Cboe Vest Financial (Cboe Vest) using a ‘target outcome strategy’ or pre-determined target investment outcome. The week’s only other launch is the third European ETF from Goldman Sachs Asset Management (GSAM), the Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF, which like the firm’s existing US vehicle, tracks GSAM's proprietary Goldman Sachs ActiveBeta Emerging Markets Equity Index.