Calvert Research and Management (Calvert) has filed a registration statement with the US Securities and Exchange Commission for a new exchange-traded managed fund investing in short-term income investments, the Calvert Ultra-Short Income NextShares.
The Fund will seek to maximise income, consistent with preservation of capital, by investing in short-term bonds and other income-producing securities. In selecting investments for the Fund, Calvert will be guided by The Calvert Principles for Responsible Investment, which provide a framework for considering environmental, social and governance factors.
“Calvert is dedicated to providing investors with efficient, innovative and responsible investment opportunities,” says John Streur, President and Chief Executive Officer of Calvert. “We are excited to utilise the new NextShares structure to help achieve both a positive impact on society and favorable investment results.”
NextShares, an innovative way to invest in actively managed strategies, offer the potential for benchmark-beating returns by applying their manager’s proprietary investment research. As exchange-traded products, NextShares may offer cost and tax efficiencies that can enhance shareholder returns. The first NextShares fund began trading on the Nasdaq Stock Market LLC in February 2016. Funds from multiple sponsors have since been introduced across a range of assets classes, with more launches expected in the coming months.
“We are proud to partner with Calvert as the first company to bring responsible investing to their clients through NextShares,” says Stephen W Clarke, President of NextShares Solutions. “We are looking forward to working together to expand their product line-up to include NextShares.”