A periodic roundup of the newest fund launches and information
Man GLG has launched an Asia Pacific a protracted/brief fairness fund for Citywire A-rated Andrew Swan.
The Asia Pacific (ex-Japan) Equity Alternative fund will ‘goal to seize the turning factors in firm earnings revisions’.
The portfolio will comprise 50-100 all-cap shares and never benchmark-constrained in order that it may well ‘make investments flexibly’ throughout the area.
Swan mentioned: ‘Throughout Asia, there’s important regional dispersion that creates distinct pockets of alternative and supplies a fertile surroundings for long-short methods.’
Blockchain and semiconductor ETFs hit huge numbers
The Invesco Elwood Blockchain (BCHN) change traded fund (ETF) has handed the $1bn (£707m) after surging by 104.3% over the 12 months to the top of January.
Launched in March 2019, the ETF has ridden the wave of curiosity in blockchain because the bitcoin value has scaled new heights this yr.
Invesco’s head of ETFs Gary Buxton mentioned: ‘We imagine that is solely the very early phases of a wider evolution in how people and companies retailer, handle and switch belongings.’
In the meantime, issues a few world chip scarcity have helped drive curiosity within the VanEck Vectors Semiconductor ETF (SMH). Claiming to be Europe’s first specialist ETF protecting the sector, it has grown to $100m 10 weeks since launch.
The ETF is predicated on the group’s current US-listed product and targets firms that derive 50% or extra of their revenues from semiconductors.