Nanuk launches active ETMF
Nanuk Asset Management has made its New World fund accessible as an active exchange traded managed fund (ETMF) available on the Australian Securities Exchange and on platforms.
The ETMF would invest in a global equities fund of listed companies exposed to the broad themes of environmental sustainability and resource efficiency.
Paul Chadwick, managing director at Nanuk Asset Management, said the Nanuk New World fund was established over six years ago but investors were only able to access it via a conventional unlisted unit trust.
“We are excited to announce that the fund is now additionally, and more easily, accessible for Australian financial advisers and their clients as a result of the launch of this active ETMF.”
The fund aimed to achieve long-term capital appreciation and outperformance of traditional global equity indices while reducing volatility of returns and risk of capital loss through appropriate diversification and risk management strategies.
It currently had no direct exposure to Russian or Eastern European equities and only minor exposures to companies with operations in, or revenue exposure to, Russia and Ukraine. The fund had returned 15.4% per annum for the six years to 28 February 2022.
Upon quotation, the management fees would decrease from 1.2% per annum to 1.1% per annum for all units.
Chief investment officer of Nanuk, Tom King, said: “The fund holds a globally-diversified portfolio of companies involved in areas such as clean energy, energy efficiency, agriculture, water, waste management, recycling, digital technologies, advanced manufacturing and sustainable materials.
“All of these areas are undergoing significant changes as the world seeks to reconcile economic growth with longer term sustainability and provide us with a potentially rich and continued source of investment opportunities.
“The significant escalation of environmental commitments around the world over the past two years will support ongoing growth in many of these areas – and not just in prominent technologies such as solar, wind, batteries and electric vehicles, but across the entire economy.
“The devastating events in Ukraine in recent weeks are likely to accelerate these changes as energy independence and security demand a more rapid transition away from fossil fuels.”
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
