iM Global Partner has launched two new UCITS funds of ETFs with its strategic partner – Richard Bernstein Advisors (RBA) of New York.
RBA, among the largest ETF strategists in the US, is now bringing its capabilities to European investors, the firm writes. The firm runs a range of top-down asset allocation strategies invested in ETFs with a look-through approach into their underlying securities.
The iMGP Global Risk-Balanced fund follows the same successful strategy used by RBA in the USA and is based on the investment philosophy implemented by Rich’s team since the mid-nineties. RBA’s flagship “RBA Global Risk-Balanced Moderate ETF Strategy”, now implemented in the iMGP Global Risk-Balanced fund, has a moderate long-term neutral policy set at 50 per cent of equities, which may deviate by +/-25 per cent around the main asset class weights should the investment team have a high conviction on these markets.
This ‘go anywhere’ multi-asset strategy can invest in any sector, market capitalisation, duration, credit, style or country/region.
RBA calls its investment approach “Pactive” investing because it uses passive tools like ETFs to take an active view on markets.
Richard Bernstein, CIO and CEO of Richard Bernstein Advisors says: “US investors have found RBA’s Pactive strategies extremely beneficial to portfolio diversification and overall performance. Accordingly, we are very excited about now being able to offer our strategies to non-US investors”.
Jamie Hammond, Deputy CEO & Head of EMEA with iM Global Partner, says: “RBA has a time-tested, proven asset allocation process that has delivered for investors since 2010. The new iMGP Global Risk-Balanced fund will bring this expertise to EMEA based investors, for the first time, in a UCITS structure. Given its ‘go-anywhere’ capability, the fund will sit in the Morningstar Flexible Allocation sector, which has proven to be very popular with investors throughout the EMEA region”.
The iMGP Responsible Global Moderate fund combines RBA’s asset allocation framework with the integration of ESG factors in the implementation tools: a minimum of 75 per cent of the ETFs it invests in must be classified Article 8 or 9 according to SFDR. This positions the fund itself as SFDR Article 8.
The strategic asset allocation breakdown for the fund is 50 per cent fixed income and 50 per cent equities.
Philippe Uzan, CEO, CIO Global Asset Management says: “We are delighted to offer to our clients this new investment solution managed by Richard Bernstein Advisors. The rapidly expanding universe of ESG UCITS ETFs has enabled us to expand RBA’s traditional approach into the responsible investment area.”