The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Quintet Private Bank, BlackRock
Quintet
Private Bank, the Luxembourg-headquartered parent of UK-based
Brown Shipley, has launched the first in a series of
multi-manager UCITS funds designed with global asset manager
BlackRock.
This follows the firm signing a cooperation agreement with
BlackRock in 2023 that will extend the investment capabilities of
the Quintet Group including Brown Shipley, strengthening its
ability to meet the long-term needs of its clients while
retaining control of its investment decision-making.
Each of these actively managed, single asset class funds will
blend a selection of third-party managers into one fund that will
aim to support portfolio performance and enhance diversification.
In the UK, these will be available exclusively to Brown Shipley
clients, the firm said in a statement.
The initial fund, QMM Actively Managed US Equity, which has
been launched following regulatory approval, is available for
investment exclusively by Brown Shipley and Quintet Group
clients as part of the private bank’s flagship portfolios.
This US dollar-denominated fund aims to outperform its benchmark
by combining actively managed US equity strategies favouring
different styles, the firm continued.
Like the three additional multi-manager funds to be launched by
the end of May 2024 with BlackRock – covering global high-yield
bonds, continental European equities and global investment-grade
corporate bonds – the US equity fund incorporates environmental,
social and governance considerations in line with Quintet’s
sustainable investment policy, the firm added. Quintet said it
will use Aladdin, BlackRock’s proprietary investment technology
platform, for its risk analytics and reporting.
Legal & General Investment Management
Legal & General Investment Management (LGIM) has just
expanded its exchange-traded fund (ETF) range with the
launch of the L&G Energy Transition Commodities UCITS
ETF.
The fund aims to provide exposure to the three supporting pillars
of the energy transition through commodity futures, harnessing
the growth potential embedded within the next chapter of the
global energy story.
The fund, which is a first to market, offers investors liquid and
diversified exposure to a combination of commodities central to
the energy transition, the firm said in a statement. It provides
access to three commodity groups with supportive demand side
dynamics. These include transition metals that are needed to
produce, store and distribute clean energy; lower
carbon transition energy sources such as natural gas
and ethanol which can help overcome peak energy demand and the
challenge of ‘hard to abate’ sectors; and carbon
pricing that increases the cost of polluting activities,
incentivising the switch to low- and no-carbon activities.
The fund provides access to 18 liquid commodities in a
diversified and liquid manner, including an allocation to carbon
markets. It builds on LGIM’s broader range of commodities ETFs –
including the L&G All Commodities UCITS ETF, the L&G
Longer Dated All Commodities UCITS ETF and the
L&G Enhanced Commodities UCITS ETF. The expansion of the
range reflects the demand for investment solutions with low
correlation to other asset classes, allowing clients to tap into
potential growth opportunities across the real economy, the firm
said.
It will be available to both wholesale and institutional
investors, registered in the UK, France, Germany, Italy, the
Netherlands, Norway, Denmark, Sweden, Finland, Austria,
Luxembourg, Switzerland and Spain, as well institutional
investors in Singapore. It has been categorised as Article 6
under the EU’s Sustainable Finance Disclosure Regulation and will
be managed by LGIM’s ETF team.
