The first actively managed ETF issued by the British asset manager abrdn has been tradable on Xetra and via the trading venue Börse Frankfurt since Wednesday.
The actively managed abrdn Global Real Estate Active Thematics UCITS ETF is designed to give investors the opportunity to invest in a portfolio of listed real estate securities that are aligned with longer term themes in the market.
The active selection process is based on the abrdn Real Estate Global HouseView, which is a dynamic, multi-dimensional global framework that aims to identify outperforming real estate sectors and segments of the future. The HouseView considers factors such as macroeconomics, thematic trends, capital markets, interest rates and real estate fundamentals (e.g. supply/demand balance and rent trends). Currently more than 280 market segments across 28 countries based on their expected relative returns are ranked. The sectors with superior expected relative returns are then overweighted, conversely the strategy looks to reduce exposure to those areas of the market that are forecast to underperform.
Companies that are exposed to the highest ESG risks or generate income from unacceptable activities defined by the UN Global Compact, such as thermal coal, tobacco, or weapons, are excluded.
Investors can trade the active ETF flexibly by using the same ISIN in the currency of their choice, either in euros or US dollars. The trading currency can be selected by using an individually assigned ticker.
