PHILADELPHIA & NEW YORK–(BUSINESS WIRE)–iM
Global Partner and Dynamic
Beta investments (DBi) announce the launch of the iM DBi Managed
Futures Strategy ETF, one of the first actively-managed Managed
Futures exchange traded funds (ETF) on the market. In a context of
markets turmoil, iM Global Partner and DBi are deeply convinced that the
iM DBi Managed Futures Strategy ETF should meet investors’ needs of
liquidity and transparency.
The Fund’s objective is long-term capital appreciation by investing in
multiple asset classes such as equities, fixed income, currencies and
commodities through futures and forwards contracts.
The iM DBi Managed Futures Strategy ETF seeks to achieve its objective
by utilizing a Managed Futures strategy based on a proprietary
quantitative model. The strategy, actively managed, seeks to deliver all
or more of the pre-fee performance of CTA hedge funds in a daily liquid1
ETF with reasonable fees. Built on more than ten years of research and
live performance, DBi’s proprietary investment strategy seeks to
identify key market exposures — across equity, fixed income, currency
and commodity markets — of a select pool of leading CTA (managed
futures) hedge funds. Based on this analysis, DBi invests directly in
long and short positions in the most liquid domestically traded futures
contracts. In addition, by targeting the pre-fee performance of the
largest CTA hedge funds, the strategy seeks to deliver the lower risk
profile of a diversified pool of funds with reasonable fees.
The iM DBi Managed Futures Strategy ETF, which we launched on May 8,
2019, is the first Dynamic Beta investments product developed since iM
Global Partner acquired a minority stake in DBi in the third quarter of
2018. The Fund is advised by iM Global Partner and is sub-advised by
DBi. iM Global Partner’s experienced distribution team will introduce
the Fund to a broad range of investors across wealth management,
institutional and other channels.
Jeffrey Seeley, COO and Head of US Distribution of iM Global Partner,
said: “Dynamic Beta investments is one of the most innovative managers
in the liquid alternatives space with a 10-year plus track record. We
are thrilled to offer DBi the extended reach of our iM Global Partner’s
multi-asset distribution platform for our new ETF and we look forward to
working with DBi and our other U.S. partners to bring further investment
vehicles to market.”
Andrew Beer and Mathias Mamou-Mani, both Managing Members of DBi,
added: “The iM DBi Managed Futures Strategy ETF is an innovative
investment vehicle. The Fund has the potential to deliver the valuable
diversification benefits of a portfolio of leading CTA hedge funds to a
broader universe of investors2, with reasonable fees,
liquidity1 and transparency investors expect from an ETF.”
About the iM DBi Managed Futures Strategy ETF
| Ticker | DBMF | ||
| CUSIP | 56170L828 | ||
| ISIN code | US5617L8283 | ||
| Advisor | iM Global Partner US | ||
| Subadvisor | Dynamic Beta investments | ||
| Fund Services | US Bancorp | ||
| Distributor | Quasar Distributors | ||
| Primary Listing Exchange | NYSE | ||
About iM Global Partner
iM Global Partner is an innovative global multi-boutique platform
based in Paris, London and Philadelphia. It partners with unique,
independent asset management companies with the joint objective of
accelerating their business growth, particularly toward worldwide and
multichannel distribution. iM Global Partner currently has strategic
minority investments in five asset managers – Polen Capital, Dolan
McEniry Capital Management, Sirios Capital Management, Dynamic Beta
investments and Scharf Investments – with combined assets under
management of $39.2 billion as of April 30, 2019. iM Global Partner represents
assets under management of $10 billion in proportion to its
participations. iM Global Partner’s strategic shareholders
include Eurazeo, a leading European private equity investor, Amundi, the
largest asset manager in Europe and Dassault/La Maison, a group of
leading private shareholders.
(www.imglobalpartner.com)
About Dynamic Beta investments
Dynamic Beta investments (formerly branded Beachhead Capital
Management) is a New York-based hedge fund advisory firm. Dynamic
Beta investments’ main liquid alternative strategies – equity hedge,
managed futures and multi-asset/stable return – are designed to
outperform actual hedge fund indices by targeting “pre-fee” hedge fund
performance through liquid futures and ETFs. Dynamic Beta investments
has published extensive research on hedge funds, liquid alternatives and
smart beta3.
(www.dynamicbeta.com)
Opinions expressed are subject to change at any time, are not guaranteed
and should not be considered investment advice.
The Fund’s investment objectives, risks charges and expenses must be
considered carefully before investing. The statutory and summary
prospectuses contain this and other important information about the
investment company, and it may be obtained by visiting
imglobalpartner.com. Read it carefully before investing.
Investing involves risk. Principal loss is possible. Shares
of any ETF are bought and sold at market price (not NAV), may trade at a
discount or premium to NAV and are not individually redeemed from the
funds. Brokerage commissions will reduce returns. The Fund is
“non-diversified,” so it may invest a greater percentage of its assets
in the securities of a single issuer. As a result, a decline in the
value of an investment in a single issuer could cause the Fund’s overall
value to decline to a greater degree than if the Fund held a more
diversified portfolio.
The Fund should be considered highly leveraged and is suitable only
for investors with high tolerance for investment risk. Futures
contracts and forward contracts can be highly volatile, illiquid and
difficult to value, and changes in the value of such instruments held
directly or indirectly by the Fund may not correlate with the underlying
instrument or reference assets, or the Fund’s other investments. Derivative
instruments and futures contracts are subject to occasional rapid and
substantial fluctuations. Taking a short position on a derivative
instrument or security involves the risk of a theoretically unlimited
increase in the value of the underlying instrument. Exposure to the
commodities markets may subject the Fund to greater volatility than
investments in traditional securities. Exposure to foreign
currencies subjects the Fund to the risk that those currencies will
change in value relative to the U.S. Dollar. By investing in the
Subsidiary, the Fund is indirectly exposed to the risks associated with
the Subsidiary’s investments. Fixed income securities, or
derivatives based on fixed income securities, are subject to credit risk
and interest rate risk.
The ETF’s gross expense ratio is 0.85%
1 Liquidity refers to shares of the Fund, not its holdings.
2 The Fund is a “non-diversified” ETF but seeks to achieve
its objective by utilizing a Managed Futures strategy. Managed Futures
are not correlated to traditional asset classes like equities and fixed
income, SG CTA Index correlation to MSCI ACWI ND Index is 0.10
(equities) while SG CTA Index correlation to Bloomberg Barclays Global
Aggregate Index is 0.27 (fixed income) over a 10-year period as of end
of April 2019, thus providing valuable diversification benefits.
3 Smart Beta is an index-based investment strategy that seeks
to generate superior risk-adjusted returns through transparent
quantitative techniques and rules-based criteria which are based on
specific factors or attributes that drive investment returns.
Diversification does not assure a profit nor protect against loss in a
declining market.
The iM DBi Managed Futures Strategy ETF is distributed by Quasar
Distributors, LLC.
Contacts
Press:
Hewes Communications, New York
[email protected]
+
1 212 207 9451
Steele & Holt, Paris
Laura
Barkatz
[email protected]
+33
1 79 74 80 12 / +33 6 58 25 54 14
