Citywire Americas rounds-up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications this week.
Franklin Templeton filed for 20 single country strategies through the US Securities and Exchange commission.
These ETFs all respectively track the FTSE RIC Capped Net Tax indices and will be managed by Dina Ting, who is a vice president of global ETFs and senior portfolio manager at Franklin.
The funds are:
- Franklin FTSE Australia ETF
- Franklin FTSE Brazil ETF
- Franklin FTSE Canada ETF
- Franklin FTSE China ETF
- Franklin FTSE France ETF
- Franklin FTSE Germany ETF
- Franklin FTSE Hong Kong ETF
- Franklin FTSE India ETF
- Franklin FTSE Italy ETF
- Franklin FTSE Japan ETF
- Franklin FTSE Mexico ETF
- Franklin FTSE Russia ETF
- Franklin FTSE South Korea ETF
- Franklin FTSE Switzerland ETF
- Franklin FTSE Taiwan ETF
- Franklin FTSE United Kingdom ETF
- Franklin FTSE Asia ex Japan ETF
- Franklin FTSE Europe ETF
- Franklin FTSE Europe Hedged ETF
- Franklin FTSE Japan Hedged ETF
Pictet Asset Management changed the manager line up on its $4.9 billion robotics fund with one of the founding managers stepping back.
Karen Kharmandarian, who oversaw the launch of the Luxembourg-domiciled fund in the summer of 2015, has stepped down from the fund and assumed a new role within the thematic equities team.
Replacing Kharmandarian on the fund is John Gladwyn, who was most recently an analyst at Polar Capital. Gladwyn will be working along side Citywire AAA-rated Peter Lingen on the strategy.
Nordea Asset Management could strengthen its emerging market debt operations with the launch of a total return-focused bond strategy by the end of 2017.
The fund, called Nordea 1 Emerging Markets Debt Total Return, will be the responsibility of Thede Ruest’s team, which comprises 12 investment specialists.
It is understood Ruest, who was named head of EMD at the Nordic firm last summer, will combine elements of the Nordea 1 – Emerging Market Local Debt and Nordea 1 – Emerging Market Hard Currency Bond funds in the new approach.
Deutsche Asset Management bolstered its ESG offering with the launch of a specialist equity income fund.
The Deutsche Invest ESG Equity Income fund was officially launched on August 7 and will be managed by Martin Berberich.
The fund will aim to invest in large cap stocks with an ESG approach, combining best-in-class exclusion, carbon rating, and compliance.