Key Takeaways
- • iM Global Partner (iMGP) launched the iMGP DBi Managed Futures Fund R USD ETF, Europe's only managed futures UCITS ETF, listed on Euronext Paris with plans for London Stock Exchange availability in sterling.
- • The European UCITS ETF (ticker: DBMF:FP) mirrors the performance of the US-listed iMGP DBi Managed Futures Strategy ETF (DBMF:US) and replicates the pre-fee performance of leading managed futures hedge funds through partnership with DBi, a hedge fund replication specialist.
- • The product expands iMGP's active UCITS ETF offering in Europe, building on the firm's established expertise in actively managed ETFs across US operations, and signals the company's confidence in the European active UCITS market as a growth segment.
- • iMGP has an active pipeline with plans to launch additional active UCITS ETFs in the coming months, positioning the firm as a multi-asset class provider in Europe's rapidly expanding active UCITS ETF market.
- • The European Active UCITS ETF market has demonstrated steady growth as these products become recognized as next-generation portfolio building blocks for institutional and retail investors seeking regulatory compliance and cross-border EU accessibility.
Summary
iM Global Partner announced entry into the European Active UCITS ETF market with the launch of the iMGP DBi Managed Futures Fund R USD ETF, marking the first and only managed futures UCITS ETF available in Europe. The product has been listed on Euronext's Paris exchange and will soon trade on the London Stock Exchange in sterling denomination, expanding accessibility across major European trading venues.
The European UCITS-registered share class (DBMF:FP) is structured as a mirror of iMGP's established US-listed iMGP DBi Managed Futures Strategy ETF (DBMF:US), with both strategies managed by DBi, a specialized partner focused on hedge fund replication methodologies. The fund aims to replicate the pre-fee performance of a representative basket of leading managed futures hedge funds, providing institutional and retail investors with direct exposure to trend-following strategies traditionally accessed through separate accounts or hedge fund vehicles.
This launch represents iMGP's expansion into Europe's active UCITS ETF segment following years of successful operations in the US actively managed ETF space. According to iMGP Founder and CEO Philippe Couvrecelle, the move brings "actively managed ETFs in the USA" to European investors through UCITS-compliant wrappers. The firm positions the offering as addressing investor demand for choice of investment vehicles while maintaining exposure to alternative strategies.
The timing reflects accelerating institutional adoption of active UCITS ETFs across Europe, with these products increasingly viewed as foundational portfolio building blocks for modern asset allocation. iMGP has signaled significant expansion plans, noting an active pipeline with multiple active UCITS ETF launches planned in the coming months across various asset classes and partner strategies. This positions the firm to compete in a market segment experiencing steady growth driven by European regulatory clarity, cross-border EU distribution rights, and investor preference for regulated, liquid alternative strategy access.
The European UCITS-registered share class (DBMF:FP) is structured as a mirror of iMGP's established US-listed iMGP DBi Managed Futures Strategy ETF (DBMF:US), with both strategies managed by DBi, a specialized partner focused on hedge fund replication methodologies. The fund aims to replicate the pre-fee performance of a representative basket of leading managed futures hedge funds, providing institutional and retail investors with direct exposure to trend-following strategies traditionally accessed through separate accounts or hedge fund vehicles.
This launch represents iMGP's expansion into Europe's active UCITS ETF segment following years of successful operations in the US actively managed ETF space. According to iMGP Founder and CEO Philippe Couvrecelle, the move brings "actively managed ETFs in the USA" to European investors through UCITS-compliant wrappers. The firm positions the offering as addressing investor demand for choice of investment vehicles while maintaining exposure to alternative strategies.
The timing reflects accelerating institutional adoption of active UCITS ETFs across Europe, with these products increasingly viewed as foundational portfolio building blocks for modern asset allocation. iMGP has signaled significant expansion plans, noting an active pipeline with multiple active UCITS ETF launches planned in the coming months across various asset classes and partner strategies. This positions the firm to compete in a market segment experiencing steady growth driven by European regulatory clarity, cross-border EU distribution rights, and investor preference for regulated, liquid alternative strategy access.
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