Antipodes Partners launches active ETF
Boutique global equities investment manager, Antipodes Partners has launched an active exchange-traded fund (ETF), the Antipodes Global Shares (Quoted Managed Fund) (AGX1), which will offer retail investors access to its capabilities through an open-ended ASX-listed investment.
The Antipodes Global-Long strategy would seek to generate absolute returns above the MSCI All Country World Index with a strong focus on underappreciated companies in the midst of structural change.
According to Antipodes Partners’ managing director, Andrew Findlay, the new fund would be “another way to provide our existing investment funds to a broader spectrum of investors, both here in Australia and overseas”.
The fund would hold around 30 individual companies and would add a focus on capital preservation, achieved through stringent risk management measures and the requirement for a “margin of safety” on all its investments.
“An increase in demand from investors, both here and overseas, is one of the key reasons we have today launched this active ETF,” Findlay said.
Antipodes Partners also manages the Antipodes Global Fund which, according to the Australian Securities Exchange (ASX) Class Benchmark report, was one of the top 20 managed funds.
AUTHOR
Oksana Patron
Recommended for you
Sydney-based alternative fund manager East Coast Capital Management has formed its first advisory council as it enters its next phase of growth.
With 40 per cent of advice practices looking to increase their ETF usage, the next frontier being embraced is smart beta ETFs with flows doubling in July, providers have said.
Australian ETFs saw flows of $5.8 billion in July, more than double the previous month, and adviser adoption is tipped to help total flows reach $50 billion by the end of the year.
Pinnacle’s London affiliate, Life Cycle Investment Partners, has secured over $15 billion in FUM in its first year and achieved profitability, the firm’s fastest affiliate to do so.
