Equity Long/Short ETF builds on success of iMGP DBi Managed Futures ETF (DBMF)
iM Global Partner (iMGP), a worldwide asset management network, and Dynamic Beta investments (DBi), a New York-based hedge fund replication specialist, announced today that iMGP DBi Hedge Strategy ETF (DBEH) has reached its three year anniversary.
"In 2019, we set out along with iMGP to build best-in-class hedge fund ETF building blocks for advisors,” said Andrew Beer, Co-Managing Member of DBi. “Similar to its sister product, iMGP DBi Managed Futures Strategy ETF (DBMF), DBEH demonstrates the potential to outperform a diversified pool of institutional-quality equity long/short hedge funds but with all the client-friendly features of an ETF.”
“Since inception, DBEH has delivered on the promise of equity long short investing: approximately three quarters of the return of the S&P 500 with half the drawdowns,” added Mathias Mamou-Mani, Co-Managing Member of DBi. “That risk-return profile can serve as a highly valuable complement to traditional asset exposures.”
iMGP DBi Hedge Strategy ETF (DBEH), which seeks to replicate the pre-fee returns of a proprietary universe of leading equity long/short hedge funds to deliver equity-like returns over time with less risk, reached its three-year anniversary on December 17, 2022.
iMGP DBi Managed Futures Strategy ETF (DBMF), which launched on May 8, 2019, is the largest Managed Futures ETF in the industry at over $1 billion in assets. DBMF seeks to replicate the pre-fee performance of a proprietary universe of leading managed futures hedge funds and outperform through fee/expense disintermediation.
Both DBEH and DBMF are advised by iM Global Partner and sub-advised by DBi. Dynamic Beta investments has been a Partner of iM Global Partner since 2018.
“ETF allocators remain underinvested in hedge fund strategies for a good reason: most hedge strategies simply don’t work well in the ETF structure,” said Jeffrey Seeley, CEO of iM Global Partner US. “With DBMF and DBEH, we hope to change that.”
About the iMGP DBi Managed Futures Strategy ETF
Ticker |
DBMF |
CUSIP |
53700T827 |
ISIN code |
US53700T8273 |
Advisor |
iM Global Partner Fund Management |
Subadvisor |
Dynamic Beta investments |
Fund Services |
State Street Bank |
Distributor |
ALPS Distributors |
Primary Listing Exchange |
NYSE |
About the iMGP DBi Hedge Strategy ETF (DBEH)
Ticker |
DBEH |
CUSIP |
56170L828 |
ISIN code |
US5617L8283 |
Advisor |
iM Global Partner Fund Management |
Subadvisor |
Dynamic Beta investments |
Fund Services |
State Street Bank |
Distributor |
ALPS Distributors |
Primary Listing Exchange |
NYSE |
About iM Global Partner
iM Global Partner is a worldwide asset management network. It selects and builds long-term partnerships with talented and independent asset management companies through direct capital ownership. iM Global Partner is present in 12 locations across Europe and the United States and provides its clients with access to the best management strategies of its Partners. It represents around US$34 billion of assets under management as of end August 2022. (www.imglobalpartner.com)
About Dynamic Beta investments (DBi)
Dynamic Beta investments is a New York-based hedge fund advisory firm run by Andrew Beer and Mathias Mamou-Mani. DBi’s main strategies – managed futures, equity hedge and multi-strategy – seek to outperform diversified pools of hedge funds by replicating “pre-fee” performance with liquid futures contracts, and hence outperform through “fee disintermediation.” DBi manages two ETFs in the US, three UCITS funds in Europe, a fund for Japanese investors and other vehicles. DBi has published extensive research on hedge funds, liquid alternatives and related topics. (www.dynamicbeta.com)
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
The Fund’s investment objectives, risks charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and it may be obtained by visiting imglobalpartner.com. Read it carefully before investing.
Investing involves risk. Principal loss is possible. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by visiting www.imgpfunds.com. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. The Fund is “non-diversified,” so it may invest a greater percentage of its assets in the securities of a single issuer. As a result, a decline in the value of an investment in a single issuer could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio.
The Fund should be considered highly leveraged and is suitable only for investors with high tolerance for investment risk. Futures contracts and forward contracts can be highly volatile, illiquid and difficult to value, and changes in the value of such instruments held directly or indirectly by the Fund may not correlate with the underlying instrument or reference assets, or the Fund’s other investments. Derivative instruments and futures contracts are subject to occasional rapid and substantial fluctuations. Taking a short position on a derivative instrument or security involves the risk of a theoretically unlimited increase in the value of the underlying instrument. Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. Exposure to foreign currencies subjects the Fund to the risk that those currencies will change in value relative to the U.S. Dollar. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. Fixed income securities, or derivatives based on fixed income securities, are subject to credit risk and interest rate risk.
The iMGP DBi Managed Futures Strategy ETF is distributed by ALPS Distributors, LLC.
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Contacts
Dynamic Beta investments (DBi)
Hewes Communications, New York
Tyler Bradford
tyler@hewescomm.com
+ 1 212 207 9454