Europe’s only exchange traded fund that aims to replicate the performance of the managed futures hedge fund industry, but for a fraction of the cost, starts trading today.
The move comes amid growing interest in the strategy. BlackRock launched a managed futures ETF in the US last week, becoming the biggest-name player in the “liquid alternatives” sector, while fellow industry heavyweights Invesco and Fidelity have also filed to launch “trend-following” managed futures ETFs in the US.
The Paris-listed iMGP DBi Managed Futures Fund R USD ETF will follow the same strategy as the largest US-listed ETF in the field, the $1.1bn iMGP DBi Managed Futures Strategy ETF (DBMF). A London listing is scheduled to follow. Fees are set at 0.75 per cent.