Transparency rules

This week we interviewed Kristof Gleich, Harbor Capital’s President & CIO, on the firm’s journey from the pensions and investments department of the world’s largest glass manufacturer, to becoming a stand-alone entity offering portfolio construction. The firm largely uses external active managers to manage its range of mutual funds and, increasingly, ETFs, with its thirteenth ETF launch in just two years, just reported.

“We scour the world for best-in-class managers and our background also explains our longer-term nature of investing as our original clients were our blue-collar colleague workers. We have a very different origin story rather than coming out of a Wall Street bank,” Gleich says.

The continuing theme of a major asset manager moving into launching ETFs came from investment giant Robeco this week, by chance, like Harbor Capital, part of Japan’s Orix Corporation. The firm has hired Nick King from Fidelity to launch their first ETF platform.

The firm commented that Robeco is constantly seeking ways to expand the delivery of its investment strategies and innovate, writing: “ETFs are one such opportunity to achieve both. Given their advantages as compared to mutual funds, we expect ETFs to become a preferred vehicle for investors in the long run. Offering both mutual funds and ETFs will position us up for long-term competitiveness and increase our ability and flexibility to serve clients.”

Robeco is working to launch its first ETF in the second half of 2024.

Beverly Chandler, Managing Editor

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Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in October, noting that as part of its 2021-2025 Strategy, Robeco is planning to expand its current investment capabilities with an ETF platform.
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But the firm’s roots lie in something far from the world of finance as Harbor Capital was originally the pensions and investments department of glass manufacturer, Owens Illinois.

Global ETF launches

Global Launches sponsored by STOXX
The non-North American ET launches this week include a new set of indices from the Vienna Stock Exchange, designed to reflect long-term investment trends in the Central and Eastern European region (CEE). London’s LGIM also returned to the market with the launch of Global Brands Strategy: LABL.

US ETF launches

US Launches sponsored by STOXX
20 new ETF offerings were launched for the week, each with a distinct value proposition for investors.  Detailed below are the respective launches from each asset manager.


Canada Launches sponsored by STOXX
Hamilton ETFs launched the Hamilton U.S. Bond Yield Maximiser ETF (Ticker: HBND). The ETF seeks to deliver attractive monthly income, while providing exposure primarily to U.S. treasuries through a portfolio of bond exchange traded funds. To supplement distribution income earned on its holdings, mitigate risk and reduce volatility, HBND will employ an actively managed covered call overlay.
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