Lyxor has cross-listed its Lyxor Scientific Beta Developed Long/Short UCITS ETF onto SIX Swiss Exchange under the ticker code MFLS SW, trading in US dollars.
By Andrew D. Beer, Managing Partner of Dynamic Beta Investments.
Goldman Sachs Asset Management recently filed a registration statement for an alternative ETF that follows a time-tested investment strategy: hedge fund replication. This new ETF comes roughly a decade after Goldman launched a replication-based mutual fund, the Goldman Sachs Absolute Return Tracker (GJRTX) – a mutual fund that has outperformed the HFRX Global Investable Hedge Fund Index (the standard benchmark for many liquid alts products) by 248 bps per annum.
JP Morgan Asset Management has added to its presence in Switzerland with the cross-listing of a further three ETFs on SIX Swiss Exchange. The new listings take the number of JP Morgan ETFs on the Zurich exchange to seven. The listings comprise two short-term bond strategies (one passive, one active) and an active long-short equity hedge fund-style product.
Lyxor has cross-listed its Lyxor Scientific Beta Developed Long/Short UCITS ETF onto Xetra and Börse Frankfurt under ticker code GLMN GY where it trades in euros.
Markov Processes International (MPI) has launched MPI Hedge Fund Indices, a new business line providing investable indices for the hedge fund universe. Each index has two components: the first involves a sub-set of targeted hedge funds, while the second aims to track the first using ETFs, Rohtas Handa, head of institutional solutions at MPI, commented, “We are combining our experience with our patented dynamic factor model to build better benchmarks for hedge fund performance.”
By Ryan P. Blute, Head of Global Wealth Management, Europe, PIMCO.
PIMCO’s European global wealth management team recently surveyed financial intermediary clients across Europe. Drawing on the responses of 70 investors, including advisors, fund buyers and researchers, we can identify four themes as top-of-mind in 2018.
JP Morgan Asset Management (JPMAM) has launched the JPMorgan Long/Short ETF (JPLS US) on NYSE Arca, providing actively managed long and short exposure to equity factors with dynamic market beta.
Amundi has cross-listed the Amundi European Equity Multi Factor Market Neutral ETF (MKTN FP) onto Deutsche Börse and Borsa Italiana. The fund offers hedge-fund-like returns by providing a means for investors to gain access to the long-term potential of factor risk premia without being exposed to the overall direction of European equity markets.
AlphaClone and Exchange Traded Concepts have announced that two AlphaClone-branded ETFs will undergo a change in fees, underlying index exposure, and trading exchange, effective 27 December 2017. The funds provide hedge-fund-like returns by selecting equities which are common to hedge funds’ publicly disclosed positions. Maz Jadallah, CEO of AlphaClone said, “Our approach seeks to combine the best of man and machine by leveraging the most established investors while offering a rules-based investment methodology.”
JP Morgan Asset Management has launched the JP Morgan Event Driven ETF (JPED US), an actively managed fund offering diversified exposure to returns historically accessed by event-driven hedge fund strategies.