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Nanuk launches currency hedged active ETF

nanuk-asset-management/Nanuk-New-World-Fund/ETF/currency-hedging/

4 October 2024
| By Jessica Penny |
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Nanuk Asset Management has announced the listing of its New World Fund (Currency Hedged) Active ETF (NNWH).

Now, the strategy's ETF quotation provides an actively managed, currency hedged version as an alternative to using passive hedged strategies.

This class of units, Nanuk said, will utilise a dual access mechanism, providing investors access to the fund via listed and unlisted channels.

“The move to launch the Nanuk New World Fund’s hedged unit class as an ETF has been driven by adviser demand for listed access to the currency hedged version of the fund, launched last year, which has attracted solid support from advisers and investors,” Tom King, chief investment officer at Nanuk AM, explained.

Namely, the fund provides investors with exposure to a diversified portfolio of listed companies that are poised to benefit from, or contribute to, improving global environmental sustainability and resource efficiency.

According to Nanuk, investment areas include clean energy, energy efficiency, industrial efficiency, advanced and sustainable materials, waste management, recycling and pollution control, food and agricultural productivity and healthcare technology.

“The Nanuk New World Fund has a strong track record over nearly a decade and is likely to be well suited to many client portfolios,” the firm clarified.

“Its differentiated portfolio seeks to provide diversification benefits and alignment with likely future structural changes in the global economy.”

Nanuk’s approach, it confirmed on the fund’s website, is based on the belief that “the natural tension between economic growth and environmental sustainability is resulting in long term structural changes in many industries”.

According to the firm, these changes provide an ongoing source of investment opportunities.

“Nanuk believes that increasing global investment in more sustainable products and services may benefit selected companies in these industries and that investing in a managed portfolio of such companies has the potential to outperform global equities benchmarks over the longer term.”

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