A bumper week for new ETF launches includes a couple of unusual funds, including a new 'social justice' ETF from Adasina Capital, and Tuttle Tactical Management's latest offering which aims to provide access to Special Purpose Acquisition Companies or SPACs, normally the preserve of institutional investors. The week's other newcomers include a new corporate bonds from from Tabula, a new ETF from HSBC GAM focused on the largest technology companies from the Greater China region, and a suite of eight active funds from Vanguard allowing investors to invest in an actively managed portfolio of equity and fixed income ETFs.
Launches & Fundraising
A busy week for new launches included a new five-fund range of fixed income ETFs from LGIM aimed at wholesale and institutional investors seeking exposure to core assets with integrated ESG and liquidity considerations. Other debutants included gold funds from both WisdomTree and Amplify, a fee-free, bitcoin fund from Valour, a semi-conductor fund from Van Eck, and Amundi’s new DAX 50 ESG UCITS ETF, as well as an absolute return bond ETF from Horizons ETFs, and a new Lyxor fund providing access to the 1000 largest US companies with 2x leverage.
Alternative credit manager CIP Asset Management (CIPAM) has entered the retail fixed income funds management market, with the launch of a retail version of the CIPAM Credit Income Fund.
Responsible investing takes centre stage this week with the launch of a new ESG corporate bond fund from Xtrackers, three ESG ETFs from TD Asset Management, iClima Earth’s new carbon avoidance solutions fund, and an emerging market sustainability ETF from Fidelity. Eslewhere, Van Eck debuted two corporate bond funds, TrueMark added to its structured outcome ETF suite, and new provider Leatherback entered the ETF space with a long/short yield fund.
Whitman Asset Management (Whitman) has launched a new fund, the TB Whitman UK Small Cap Growth Fund. The Fund, a UCITS OEIC, has already received firm commitments from investors to a value of GBP15 million. Whitman is targeting GBP25 million in the initial stages of the Fund.
This week’s new ETF launches include a new fund from former hedge fund manager Julian Klymochko, the Accelerate OneChoice Alternative Portfolio ETF, which provides investors with access to a range of asset classes and strategies including Absolute Return, Global Macro, Private Credit and Alternative Equity. Elsewhere, VanEck listed a new bitcoin ETN on Deutsche Borse, while Ninepoint Partners debuted a new ETF series based on four existing mutual funds and NextFins launches and fund based on India’s Nifty Financial Services 25/50 Index.
The European asset management platform of Mediolanum Banking Group, Mediolanum International Funds Ltd (MIFL), has launched the Mediolanum Best Brands Global Impact Fund to add to its growing ESG offering.
A quiet week for new ETFs saw the arrival of a new issuer, Leatherback Asset Management, which launched its first fund, the Leatherback Long/Short Alternative Yield ETF, in partnership with Tidal ETF Services. Elsewhere, Changebridge Capital debuted two actively-managed ESG funds, and LGIM launched a new clean energy ETF.
Brown Advisory is to launch the BA Beutel Goodman US Value Fund, a new Dublin-UCITS Fund which will be sub-advised by Beutel, Goodman & Company Ltd, a Toronto-based investment manager with over USD28.6 billion in assets under management.
This week’s new launches include four new funds with a green hue – JP Morgan’s latest ETF focussed on companies with reduced carbon dioxide emissions, a new clean energy fund from LGIM, an Amundi ETF offering access to sustainable US companies, and a new addition to State Street’s SPDR ESG line-up. Elsewhere, Goldman Sachs debuted a new ETF based on a Solactive ARTIS-based equity index, while VictoryShares added to its suite of thematic funds.