Hugues d'Annoux and Morten Kielland have launched Key Family Partners in Geneva, a new multi-family office designed to oerate as 'a sophisticated private investment club'.
Launches & Fundraising
Accelerate Financial Technologies (Accelerate) has launched the OneChoice Alternative Model Portfolio, which aims to provide a simple and efficient way to attain exposure to a diversified sleeve of alternative investment strategies to complement core portfolio holdings.
Special Purpose Acquisition Companies, or SPACS, have been all the rage in 2020 and now investors can get access to the most liquid SPAC IPOs in a diversified basket with the Defiance Next Gen SPAC Derived ETF. Other notable newcomers in a busy week for ETF launches, include the first actively-managed, Shariah-compliant, global equity ETF from Almalia, plus Red Gate Advisers' Stance Equity ESG Large Cap Core ETF, which is the first fund to utilise Blue Tractor's shielded alpha ETF wrapper.
This week’s new ETF launches includes a suite of five funds from CI Financial’s US affiliate Cabana Asset Management on the NYSE, which are based on the firm’s existing Target Drawdown Professional Series of separately managed accounts (SMAs) and aim to maintain and grow wealth over the long term with drawdown percentages ranging from 5-16 per cent. Elsewhere, RBC iShares added two new funds to its fixed-income line-up, HSBC debuted a sustainable investments fund on Xetra, and Invesco launched the first euro-denominated hybrids bond ETF.
The Tellworth British Recovery & Growth Trust plc (the "Company" or "TBRGT"), which announced its intention to float on 2 September 2020, commenced its initial public offering on 16 September 2020.
A real mixed bag of new ETFs this week includes Innovator Capital Management’s new Stacker funds, the world’s first ETFs to offer a multiple exposure on the upside, to a cap, with a single exposure to the downside, plus a new Tabula fund designed to take advantage of the steepness in investment grade credit curves. We also have several new Xtrackers funds from DWS, three additions to Invesco’s BulletShares suite, as Nasdaq next 50 ETF from VictoryShares, plus a new ‘all-in-one’ retirement ETF from Vanguards based on eight existing equity and fixed income funds.
Wealth management group St James’s Place has launched its new InRetirement fund range, which has been developed specifically for those looking to support a regular income through retirement.
It’s all about bonds this week with the launch of four new bond-focused ETFs – one from UBS and three new Xtrackers funds from DWS. The new UBS offering is a currency-hedged sustainable bond ETF, while the Xtrackers funds focus on global corporate bonds and short-term US government bonds. Elsewhere, Global X ETFs launched its first Japan-listed funds in partnership with Daiwa Securities, and Tabula debuted a US and European credit default swaps fund.
This week’s new ETF launches include a couple of crypto-related firsts – the launch by 21Shares of the first short bitcoin ETP on Xetra and the admission of the first bitcoin ETP on the official ‘regulated’ market of the Vienna Stock Exchange. Elsewhere, Rize launched two new thematic ETFs – food production and digital learning – Vanguard debuted three new bond funds, and AdvisorShares launched the Pure US Cannabis ETF.
The big news in terms of launches this week is T Rowe Price’s entry into the ETF space with the launch of four semi-transparent, active funds that largely mirror existing mutual fund offerings. The week’s other notable newcomers include a Connected Consumer fund from Direxion based on a Solactive index, a junior biotech ETF from Defiance ETFs, plus thee new iShares bond ETFs.