iM Global Partner and DBi celebrate the listing of the first active UCITS ETF of its kind
Today the London Stock Exchange welcomes iM Global Partner and DBi to close the market to celebrate the listing of the iMGP DBi Managed Futures Fund R USD UCITS ETF (DBMF:LN); the first active UCITS ETF of its kind.
Since opening its first office in London in June 2015, iM Global Partner has built a global platform focused on delivering excellence in active management. Through equity partnerships with leading investment boutiques, it offers actively managed mutual funds, ETFs and SMAs powered by a shared commitment to independence, integrity and long-term performance.
Its Partner, DBi, founded in 2012 and today managing US$3.4 billion in assets, is a specialist in hedge fund replication that seeks to take the complexity out of investing in alternatives by offering simple, powerful and affordable solutions.
The iMGP DBi Managed Futures Fund R USD UCITS ETF builds on the success of its big brother, a US-listed managed futures ETF managed by DBi, launched in May 2019 and now the world’s largest of its kind. This listing on the London Stock Exchange is a significant milestone for iM Global Partner and DBi, having originally launched the fund in January 2023 as a UCITS SICAV.
The strategy aims to replicate the pre-fee performance of a representative basket of leading managed futures hedge funds, has expanded to include a version that does not invest directly in commodities as well as active UCITS ETF share classes listed in Paris and London.
With the European active UCITS ETF market having grown steadily in recent years, iM Global Partner and DBi are excited to be pioneers of flexible and innovative products that are helping to form the next generation of portfolio building blocks.
“Listing our active UCITS ETF share class on the London Stock Exchange is an important achievement for us and a moment for which we are extremely proud. Following years of offering actively managed ETFs in the US, we are very happy to bring this offering to the London Stock Exchange so that investors have the benefit of a more accessible, cost-efficient, and transparent way to gain exposure to the diversification benefits of managed futures.”
Philippe Couvrevelle
Chief Executive of iM Global Partner
Disclaimer
The content of this document has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000 (FSMA) for issue in the UK by iM Global Partner UK Ltd, which is authorised and regulated by the FCA (FRN: 927232). The collective investment scheme referred to in this document is a recognised scheme for the purposes of marketing into the UK pursuant to Section 271A (1) of FSMA.
This marketing document has been issued by iM Global Partner SAS a French company domiciled at 20 rue Treilhard, F-75008 Paris (France), supervised and authorized by the Autorité des Marchés Financiers under number 6925760 as a portfolio management company, for professional investors only. This is not a contractually binding document, or an information document required by law. It is not intended for distribution to or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, issue or use. Users are solely responsible for verifying that they are legally authorized to consult the information herein. Only the most recent version of the prospectus, the key information document (“KID”)/key investor information document (“KIID”), and the annual and, if any subsequent, half-yearly reports of the funds mentioned (hereinafter referred to as the funds’ “legal documentation”) should be considered as a basis for investment decisions. These documents as well as the summary of investors’ rights are available in English on the website https://www.imgp.com/, or from the iMGP offices at 5, Allée Scheffer, L-2520 Luxembourg.
The information or data contained in the present document does not in any way constitute an offer or a recommendation or advice to buy or sell shares in the Fund’s units. Furthermore, any reference to a specific security in this document should not be construed as a recommendation or investment advice. They are intended solely to inform the investor as to past performance, and do not reflect the opinion of iMGP or any related companies as to future returns. The information, opinions and assessments contained in the present document shall apply at the time of publication and may be revoked or changed without prior notice. iMGP has not taken any measures to adapt to each individual investor who remains responsible for his own independent decisions. Moreover, investors are advised to consult their legal, financial or tax advisors before making any investment decisions. Tax treatment depends entirely on the financial situation of each investor and may be subject to change. It is recommended that investors obtain the appropriate expert advice before taking any investment decisions. This marketing document is in no way intended to replace the legal documentation and/or any information that investors obtain from their financial advisors. Investing puts your capital at risk: although they generally have a greater risk spread, investing in mixed sub-funds exposes the investor to the risk of recovering an amount lower than that which was initially invested. Investments in mixed sub-funds are subject to the risks involved in any investment in equities and bonds. More information on www.imgp.com.
The UCITS ETF Shares which are purchased on the Secondary Market cannot usually be redeemed directly from iMGP. Such Shares are normally bought and sold on the Secondary Market with the assistance of an intermediary (e.g. a stockbroker or other investment broker) and investors may incur fees for doing so. In addition, investors may pay more (receive less) than the current NAV per Share when purchasing (selling) the UCITS ETF Shares on the Secondary Market. A list of the fund’s portfolio holdings as of the end of each month will be made available on www.imgp.com monthly, and as required by the Relevant Stock Exchanges. Where applicable, the Indicative NAV per Share (as defined in the Prospectus) will be made available at the Registered Office and will be obtainable through the Relevant Stock Exchanges.
The value of the units referred to may fluctuate and investors may not recoup all or part of their original investment. Investors should consult iMGP’s prospectus for further details on the risks involved. Past performance does not predict future returns. It is calculated in the unit currency and, where investments are made in a different currency, may also be affected by fluctuations in exchange rates. The performance data given does not include commissions or any fees linked to the subscription to and/or repurchase of shares. Returns are calculated net of fees in the reference currencies of specific sub-funds. They reflect the current fees, include management commissions and possibly also performance commissions deducted from the sub-funds. All returns are calculated from NAV to NAV with dividends reinvested. Unless otherwise stated, the performance of sub-funds is shown on a total return basis, including dividends or any other relevant distributions. All returns shown are gross of any tax deductions that could be applicable to an investor. It is possible that companies linked to iMGP and their executives, directors or personnel hold or have held stakes or positions in the securities listed in this document, or that they have traded or acted as market maker for these securities. Moreover, these entities or individuals may also have past or present ties with the executives of the companies issuing the abovementioned shares; furnish or have furnished financial or other services; or are or have been a director of the companies in question. Please note that any reference to an index is made for information purposes only. The performance of the Fund may differ from the performance of the index. None of the index provider data may be reproduced or re-disseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices.
For further information, please refer to the most recent version of the “KID”/“KIID”.
