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Laxman Pai, Opalesque Asia: iM Global Partners and New York-based hedge fund advisory firm Dynamic Beta Investments have rolled out an actively-managed managed futures exchange traded funds (ETF) .
The iM DBi Managed Futures Strategy ETF (DBMF) comes with an expense ratio of 0.85% and lists on the NYSE Arca.
"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," said a press release.
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," it said.
Based on this analysis, DBi invests directly in long and short positions in the most liquid domestically traded futures contracts. In addition,...................... To view our full article Click here
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