Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications.
Aberdeen Standard Investments launched a multi-factor global equity strategy that aims to provide investors with growth and income while also keeping volatility well below that of the global equity markets across a full market cycle.
The Smart Beta Low Volatility Global Equity Growth fund will be managed by the firm’s Quantitative Investment Strategies (QIS) team, led by global head of quantitative investments Sean Phayre.
The fund offers diversified exposure to five-factor premia, which are: value, quality, momentum, low volatility and small size.
State Street Corporation has launched a new range of flexible indices that will adjust exposure according to the evolution of factors.
The new range of rules-based investment strategies is called IntelliGXSM and includes three series of indices: GX Liquid Private Equity Index, GX Inflation-Managed Index and GX Risk-Managed Index
‘This is not smart beta or thematic investing,’ said Will Kinlaw, head of research and advisory at State Street Global ExchangeSM.
‘We’re essentially creating living indices that are flexible, evolving, transparent and sensitive to new and meaningful factors,’ Kinlaw added.
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BMO Global Asset Management also took a note from the increased demand for more ESG options.
It unveiled a Euro corporate bond fund, the BMO Responsible Euro Corporate Bond fund which will be managed by Andrew Brown and Citywire + rated Rebecca Seabrook.
It will mainly invest in investment grade, ethically-screened euro-denominated fixed interest securities.
The newly-launched fund is the second fixed income strategy within the firm’s responsible range.