Less than a month after launching Europe’s only Managed Futures ETF, iM Global Partner (iMGP) and its partner DBi have introduced the first managed futures UCITS ETF classified as Article 8 under SFDR. The new Ex-Commodities ETF has already been selected by a Nordic pension fund. According to Andrew Beer, founder of DBi, the flexibility of their factor-based approach to replicating trend-following strategies made it easier to launch an Article 8-compliant version.
“One of the most compelling features of replication is flexibility,” says Andrew Beer, Co-Founder DBi. “In 2015, we set out to replicate most or all of the pre-fee returns of leading managed futures funds – but without exposure to commodities. This launch wraps a proven strategy in an innovative, client-friendly vehicle to grow the managed futures pie.” Unlike most managed futures funds, the iMGP DBi Managed Futures Ex-Commodities Fund R USD UCITS ETF does not include any direct exposure to commodities. Traditionally, managed futures strategies span equities, fixed income, currencies, and commodities.
“We are proud to launch a second Managed Futures UCITS ETF, this time without commodities.”
Philippe Couvrecelle, the Founder and CEO of iMGP.
“We are proud to launch a second Managed Futures UCITS ETF, this time without commodities,” says Philippe Couvrecelle, the Founder and CEO of iMGP. This launch “demonstrates our commitment to pushing the boundaries in product development,” according to Couvrecelle. “DBi’s time-tested strategy and robust process has generated much interest in recent years.”
In early March, Andrew Beer and his team at Dynamic Beta Investments (DBi) – part of the iM Global Partner asset management network – officially launched Europe’s only Managed Futures UCITS ETF. Their replication-based strategy, previously available via a U.S.-listed ETF and a Europe-domiciled UCITS fund, is now accessible to all investor types through the UCITS ETF wrapper. Together with the newly launched Ex-Commodities ETF, the offering expands the range of vehicles available for accessing DBi’s managed futures strategy, giving investors greater flexibility to choose their preferred format. As of the end of February, DBi manages $2.3 billion in managed futures assets, including the world’s largest managed futures ETF in the U.S.
