BlackRock, the asset management giant which manages $6.3 trillion in assets, has expanded its multi-asset income range and launched the Global Conservative Income fund. The fund is designed around the wants and needs of cautious investors looking for an alternative to low yielding investments and wishing to obtain a steady stream of income. It aims to provide reliable income through multiple market environments. It will invest in bonds, stocks and also according to BlackRock: “has the ability to invest in complementary asset classes, including global REITs, preferred stocks, mortgage-backed securities and equity covered call options.” The fund will revolve around risk management and aim to maintain risk at a level equal to or lower than its 70 percent bonds and 30 percent equities risk benchmark. Michael Fredericks, Justin Christofel and Alex Shingler of BlackRock’s Multi-Asset Income Investing team who look after more than EUR 27 billion of assets will be managing the fund.
The UBS Global Gender Equality UCITS ETF has raised $140 million after being launched just eight months ago. The ETF tracks the Solactive Equileap Global Gender Equality 100 Leaders Index, an equity index of 100 leading global companies with a focus on gender diversity and sustainability. The companies in the index were selected based on 19 diversity criteria, including equal compensation and work-life balance, transparency and accountability, gender balance, and sustainability policies. It is listed on the Swiss Exchange SIX. The ETF was created when UBS Wealth Management and UBS Asset Management collaborated. UBS Asset Management manages a range of sustainable ETFs in Europe, with a total AUM of CHF 3.6 billion in UBS ETFs. The ETF demonstrates how UBS is supporting the UN Sustainable Development Goal5 (UN SDG 5) which is an UN programme aiming to achieve gender equality and the empowerment of women and girls. It is also addressing businesses to better suit the needs of female clients, a global commitment that was first made in January 2017. In 2017 the investment focused on women and girls was $2.2 billion, in comparison to $100 million in 2014.UBS have also been donating five percent of the ETFs management fees in to philanthropic projects, via the UBS Optimus Foundation, which support UN SDG 5. Most recently the top-scoring companies in the Index was L’Oreal, where women represent 46 percent of board members.
Sanlam FOUR, the asset management division of Sanlam UK has launched the Sanlam Real Assets Fund which aims to target regular income and capital growth through investments in real asset securities. The fund will be managed by Mike Pinggera, who already heads its £155 million Multi-Strategy Fund. The fund has had £55 million invested in to it so far by clients. The focus behind this fund is listed securities that receive their value from underlying real assets. This can be achieved via REITs, investment trusts or specialist companies that has a focus on physical assets. Due to the real asset exposure mandate, there is no restriction on access vehicles.
Mobius Capital Partners (MCP) is to list the Mobius Investment Trust on the London Stock Exchange on 1 October 2018 with the aim of raising over £200 million. The investment trust which focuses on emerging markets, plans to raise this capital via a placing, an offer for subscription and an intermediaries offer. The investment trust will have an annual management fee of one percent, which will reduce to 0.85 percent per annum above £500 million based on the NAV or market capitalisation. The trust will have no performance fee. It will invest in a portfolio of 20-30 small and mid-cap companies across emerging and frontier markets. The firm says it “will focus on undervalued companies who have a resilient business model and have the potential for operational, financial and ESG improvements.” Founded in February 2018 by Mark Mobius, Mobius Capital Partners is an emerging and frontier markets asset manager. Mr Mobius, who previously worked for Franklin Templeton, will be joined by fellow MCP co-founders Carlos Hardenberg and Greg Koniecznv to help fund and run the investment trust. The three founders along with employees intend to invest a combined £5.7 million in to the trust.
Amundi, Europe’s largest asset manager has launched its Amundi STOXX Global Artificial Intelligence UCITS ETF which is aimed to help investors tap in to the opportunity of Artificial Intelligence (AI). It will track the Stoxx AI Global Artificial intelligence ADTV5 index and will be offered with an ongoing charges of 0.35 percent. The index has a systematic selection process which analyses stocks according to two metrics. Firstly is AI exposure, which is the proportion of AI-related patents granted to the company over three years compared to the total number of patents granted to that company over the same period. Secondly is AI contribution, which measures the number of patents granted to the company over three years. This is relative to every AI patent given to all companies over the same period. The index is equally weighted, offering diversification across countries, sectors and market capitalisation.
CRUX Asset Management (CRUX), the employee-owned investment management business, has unveiled the launch of the FP CRUX UK Special Situations Fund to launch on the 17 September 2018. The fund will be managed by Richard Penny, who joined CRUX in June 2018 from Legal & General Investment Management (LGIM). The fund will target “long-term capital growth from a high conviction, concentrated portfolio of UK stocks, as well as some exposure to other developed markets.” Mr Penny’s intention is to generate alpha by investing in around 40 mid and small cap companies, with the fund’s capacity ranging from £1.5 billion and £2 billion. The fund has a 0.93 percent ongoing charge. To keep in line with investors, Mr Penny will also be investing in to the fund himself. Previously Mr Penny spent 15 years at LGIM where he managed the L&G UK Alpha Trust and the L&G UK Special Situations Trust. He has also worked for M&G Investments and Scottish Amicable Investment Management.