Key Takeaways
- • iM Global Partner launches the iMGP DBi Managed Futures Fund R USD ETF, positioned as the only managed futures UCITS ETF available in Europe, replicating the world's largest managed futures ETF (US-listed DBMF).
- • The ETF is listed on Euronext Paris (ticker: DBMF:FP) with imminent availability on the London Stock Exchange in sterling, expanding iMGP's European active ETF footprint beyond its established US operations.
- • The strategy replicates pre-fee performance of leading managed futures hedge funds through DBi's hedge fund replication expertise, offering European investors access to alternative strategies through their preferred regulatory wrapper.
- • iM Global Partner signals an active pipeline with plans to launch additional active UCITS ETFs in coming months, capitalizing on steady growth in Europe's active UCITS ETF market, which has become a next-generation portfolio building block for institutional investors.
Summary
The European UCITS ETF mirrors the iMGP DBi Managed Futures Strategy ETF, the world's largest managed futures ETF trading on US exchanges under Bloomberg ticker DBMF:US. The European share class trades as DBMF:FP. Both vehicles are managed by DBi, iMGP's partner specializing in hedge fund replication strategies. The fund aims to replicate the pre-fee performance of a representative basket of leading managed futures hedge funds, offering investors exposure to an alternative strategy that has historically attracted diverse investor types seeking diversification beyond traditional equity and fixed income allocations.
According to iMGP Founder and CEO Philippe Couvrecelle, the European launch represents a natural extension of the firm's multi-year success in the US actively managed ETF market. iMGP has built significant infrastructure in active ETF distribution across multiple asset classes and partners, leveraging this experience to meet growing European demand. The company has identified managed futures as a market gap—positioning this product as the only actively managed UCITS ETF in the managed futures space currently available to European investors.
The European active UCITS ETF market has experienced steady growth in recent years, with these products increasingly recognized as next-generation portfolio construction tools for asset allocators. iMGP's leadership has indicated an active development pipeline with plans to launch additional active UCITS ETFs across multiple strategies and asset classes in the coming months, signaling a deliberate strategy to build a comprehensive European alternative investment platform.
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