Fidante launches active ETFs
Fidante Partners has launched ActiveX, a series of actively-managed exchange traded funds (ETFs), which will feature Australia’s boutique investment managers.
They would also be expected to see high demand from self-directed SMSFs, particularly those seeking a defensive income stream from fixed income.
The first in the ActiveX series would be active fixed income ETF from Ardea Investment Management.
The ActiveX Ardea Real Outcome Bond Fund (Managed Fund), available under the ASX ticker code XARO, would be the first actively managed fixed income ETF in the Australian market that would not be constrained by an index as it was specifically designed for investors seeking to diversify traditional equity and fixed income products as well as stable returns higher than those provided by term deposits and cash, the firm said.
It would into the Ardea Real Outcome Fund (the Underlying Fund), which was launched by Ardea Investment Management in 2012 and had a track record of delivering higher returns than cash, bank deposits and inflation.
Fidante General Manager Nick Hamilton said the launch of ActiveX aimed to help retail investors increase their exposure to different types of investments in a simple and convenient way, accessible via the Australian Securities Exchange (ASX).
“ActiveX provides investors with more convenient access to our highly regarded, specialist fund managers,” Mr Hamilton said.
“We have developed ActiveX to address the growing popularity of exchange traded products among Australian investors who want the ability to diversify their portfolio through a single security, while benefiting from the expertise of an active fund manager and the flexibility of being able to trade during market hours.”
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