After the recent rush of new ETF launches, things have been a little quieter this week. UBS Global Asset Management debuted two new funds on Xetra and Börse Frankfurt – a sustainable investment fund and a commodity strategy that simultaneously takes a short and long position in two commodity indices. Elsewhere, Global X launched a preferred stock fund and Catholic Values ETF, while ETFMG added a biotech fund to its thematic offering.
Launches & Fundraising
Rathbone Unit Trust Management Ltd (Rathbones) has launched two new multi-asset funds, as part of the Rathbone Multi-Asset Portfolio Funds (RMAP) range – the Rathbone Multi-Asset Defensive Growth Portfolio Fund and Rathbone Multi-Asset Dynamic Growth Portfolio Fund.
In a bumper week for new ETF launches, Leverage Shares expanded its range of LSE-listed S&L ETPs to 40 with the addition of 28 new products based on the heavily traded US stocks. Franklin Templeton meanwhile, added a US Treasuries ETF to its range of active ETFs for US investors, while Direxion debuted three ‘buy and hold’ funds and Ossiam launched a new fund to replicate the performance of the ICE (Intercontinental Exchange) 3-5 Year Euro Government Carbon Reduction Index.
Nikola Stojanow, co-founder of AEternity Blockchain and creator of AE Ventures investment company, is to launch a Venture Capital Fund focused on opportunities in the blockchain space.
Another busy week for launches saw AllianzIM make its ETF debut with the launch a new product line based on buffered outcome products designed to match the returns of the S&P 500 Price Return Index up to a stated cap, while providing downside protection. Other interesting launches included a 28-strong range of S&L ETPs from Leverage Shoes, a Sports Betting ETF from Roundhill and a bitcoin ETP from ETC Group and HANetf.
Blackfinch Asset Management has launched four Adaptation Funds as part of its move into the retail investment space.
North Square Investments, a multi-boutique manager with a range of product offerings, has launched its first fixed income mutual fund, the North Square Strategic Income Fund (ADVNX).
Neuberger Berman, a private, independent, employee-owned investment manager, has launched the Neuberger Berman Global Flexible Credit Fund, a UCITS fund now available to international investors.
In a bumper week for new ETF launches, Legg Mason entered the brave new world of the semi-transparent ETF with the launch of the ClearBridge Focus Value ETF (CFCV), a series of the firm’s ActiveShares ETF Trust, on the Chicago Board Options Exchange (Cboe). Staying with active fund launches, Fidelity launched a family of three ESG funds, while TDAM added five new equity ETFs on the Toronto Stock Exchange, and Hamilton ETFs debuted the Hamilton Financials Innovation, also on the TSX.
ANote Music, a European marketplace for investing in music royalties, is to officially launch to the public on 28 July, 2020.