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.
Launches & Fundraising
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.
Hartford Funds has launched its first closed-end interval fund, the Hartford Schroders Opportunistic Income Fund, which expands the opportunity set for investments within Hartford Funds’ fixed income product suite to include a broad range of securitised investments.
Amundi’s CPR Asset Management (CPR AM) has launched ‘Smart Trends’, a fund that seeks to benefit from the long-term growth offered by thematic equities within a cautious and flexible multi-asset framework.
Brown Advisory, a USD76 billion, employee-owned, global investment firm, has launched the Global Leaders Sustainable Fund under its Dublin-UCITS umbrella.