By Allan Lane, Algo-Chain – During the past weeks we’ve seen the world's largest demonstration demanding urgent action to tackle climate change, so don't be surprised that another ETF with an ESG badge has landed on our doormat.
Launches & Fundraising
Vanguard has launched the Vanguard International Core Stock Fund (VWICX), expanding its actively managed roster of more than 70 mutual funds and ETFs.
Though short on number in terms of actual new funds listed, this has still been a big week for ETF launches with the announcement by Goldman Sachs Asset Management of its new European ETF business and the debut of the Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF, a European version of its flagship US ETF which has over USD6 billion in assets. Elsewhere, Amundi launched a new US corporate bonds ETF, while Innovator expanded its Defined Outcome ETF suite with new Buffer ETFs based on the Nasdaq 100 and Russell 2000 Indexes.
Prestige Funds has listed its second Luxembourg direct lending fund, the Prime Alternative Finance Fund (PRALTF), on Euronext Dublin.
Morgan Stanley Investment Management (MSIM) has launched the Morgan Stanley Funds (UK) Global Sustain Fund, after successfully launching the Luxembourg vehicle in 2018.
“No one can control the market, but it is possible to influence the fees,” says Verona Kenny (pictured), Managing Director of Intermediary, Seven Investment Management (7IM).
It was all about responsible investing in the world of ETF launches this week with a new ESG-focused fund from CI Investments, an LGIM ETF linked to a new Foxberry index, and a new fixed income addition to Amundi’s SRI ETF offering . Elsewhere, Horizons ETFs added a new fund to its suite of One-Ticket-Solution ETFs…
Clients of Connection Capital, a specialist private client investment business, have invested EUR5.2 million in the final close of a European Collateralised Loan Obligation (CLO) fund managed by Permira Debt Managers (PDM).
Heartwood Investment Management (Heartwood), the asset management arm of Handelsbanken in the UK, has launched four sustainable multi asset funds designed to make sustainable investing accessible to everyone, regardless of portfolio size and risk tolerance, without compromising performance.
Following the successful launch in June of their new Short-Dated Global High Yield Bond fund, Artemis is to launch the Artemis Corporate Bond Fund as a UK OEIC (FCA approved) and UCITS vehicle later this quarter.