Key Takeaways
- • iM Global Partner has listed a EUR-hedged share class of its iMGP DBi Managed Futures UCITS ETF on Euronext Paris, expanding access for euro-based institutional and retail investors across Europe's major trading venues.
- • The iMGP DBi Managed Futures Fund R EUR ETF carries a total expense ratio (TER) of 0.75% and holds €162 million in assets under management as of the latest reporting period, having launched on 24 March 2025.
- • The strategy replicates pre-fee returns of leading CTA hedge funds through highly liquid futures contracts, employing dynamic long and short positioning across global markets with a quant-driven, trend-following approach.
- • The fund is now accessible across multiple European marketplaces through Euronext's single entry point, complementing existing listings on the London Stock Exchange and providing euro-hedged exposure for FX-sensitive European allocators.
- • The UCITS-compliant structure offers hedge fund-style investment characteristics with the liquidity, regulatory transparency, and cost efficiency of an exchange-traded vehicle, targeting a recommended investment horizon of at least five years.
Summary
The iMGP DBi Managed Futures strategy, sub-managed by DBi LLC, employs a systematic, trend-following methodology that takes both long and short positions across global futures markets. Rather than relying on macroeconomic forecasting, the strategy utilizes quantitative models to identify price-driven trends across commodities, fixed income, equities, and currencies. This approach aims to provide portfolio diversification benefits distinct from traditional equity and bond allocations, positioning the fund as a tactical diversifier for multi-asset portfolios.
The EUR-hedged share class carries a total expense ratio of 0.75%, aligning with iM Global Partner's institutional-grade fee structure across its managed futures offerings. The fund is registered across 12 European jurisdictions including France, Germany, the United Kingdom, Switzerland, and Scandinavia, enabling broad pan-European distribution through Euronext's single marketplace access model. The listing complements the fund's existing presence on the London Stock Exchange and earlier USD share class offerings, providing seamless trading for euro-denominated allocators seeking FX-hedged exposure.
The UCITS regulatory structure addresses a structural gap in European alternatives distribution, offering hedge fund-style characteristics—dynamic positioning, alternative beta generation, and cross-asset diversification—within a transparent, daily-NAV ETF vehicle. With a recommended investment horizon of five years and an Article 6 SFDR classification, the fund targets institutional investors and sophisticated family offices seeking managed futures exposure without the operational complexity and illiquidity constraints of traditional hedge fund vehicles.
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