The iMGP DBi Managed Futures Fund is a brand-new sub-fund of the Luxembourg-domiciled iMGP SICAV and utilizes a handled futures method that has actually seen success in the United States.
The US-based DBi Managed Futures Technique ETF (DBMF) increased its properties under management by more than 1000% from around $ 60 million a year ago to more than $ 1 billion, publishing a one year return of 24.5%
Hedge fund index duplication experts Dynamic Beta financial investments (DBi) has actually been selected as sub-manager of the iMGP DBi Managed Futures Fund.
The brand-new fund will duplicate the pre-fee/pre-trading expense returns of 20 leading handled futures hedge funds in a UCITS wrapper.
By targeting the efficiency of a portfolio of hedge funds, split in between various sub-strategies, it looks for to reduce single-manager danger.
The fund looks for to match the core element direct exposures of the targeted hedge funds with a dynamically changed portfolio of liquid futures agreements.
The iMGP DBi Managed Futures fund does not invest straight in hedge funds. Rather, the sub-manager, DBi, utilizes quantitative designs to approximate the present element weights of the targeted hedge funds and purchases index futures to look for to acquire comparable direct exposures.
The portfolio is rebalanced weekly.
Jamie Hammond, iM Global Partner deputy CEO and head of worldwide circulation stated the success of the US-domiciled ETF led to need from European customers for a UCITS variation of the method.
” Customers have actually seen the diversity advantages of consisting of handled futures within their portfolios, and we have actually now made this offered in a daily-priced UCITS structure,” he stated.
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