Latest news about investment products, financial products and other services for wealth advisors and their clients.
Quintet Private Bank, BlackRock
Luxembourg-headquartered Quintet Private Bank, parent company of UK-based Brown Shipley, has launched the first in a series of multi-manager UCITS funds designed in collaboration with global asset manager BlackRock. .
This follows the firm’s collaboration agreement with BlackRock in 2023, which expands the investment capabilities of the Quintet Group, which includes Brown Shipley, and provides long-term support for clients while maintaining control of investment decisions. This will strengthen their ability to meet their needs.
Each of these actively managed single-asset class funds integrates selected third-party managers into a single fund with the goal of supporting portfolio performance and enhancing diversification. The company said in a statement that these are only available to Brown Shipley customers in the UK.
The initial fund, QMM Actively Managed U.S. Equity, launched following regulatory approval, will be available for investment exclusively to Brown Shipley and Quintet Group clients as part of the private bank’s flagship portfolio. The US dollar-denominated fund aims to outperform its benchmark by combining actively managed US equity strategies favoring a variety of styles, the firm continued.
Similar to BlackRock and three additional multi-manager funds to be established by the end of May 2024 (covering global high-yield bonds, continental European equities, and global investment-grade corporate bonds), the U.S. equity fund will also cover environmental, social, and governance issues. It incorporates consideration for This is in line with Quintet’s sustainable investment policy, the company added. Quintet said it will use Aladdin, BlackRock’s proprietary investment technology platform, for risk analysis and reporting.
Legal and general investment management
Legal & General Investment Management (LGIM) has expanded its range of exchange-traded funds (ETFs) with the launch of the L&G Energy Transition Commodities UCITS ETF.
The fund aims to capitalize on the growth potential embedded in the next chapter of the global energy story, providing exposure to the three pillars of the energy transition through commodity futures.
The fund, the first of its kind on the market, provides investors with liquid and diversified exposure to a mix of products central to the energy transition, the company said in a statement. This provides access to his three product groups that support demand-side dynamics. These include transition metals, which are necessary for the production, storage, and distribution of clean energy. Low-carbon transition energy sources such as natural gas and ethanol can help overcome the challenges of peak energy demand and “hard-to-mitigate” sectors. Carbon pricing increases the cost of polluting activities and incentivizes switching to low-carbon or non-carbon activities.
The fund provides access to 18 liquidity products in a diverse and liquid manner, including carbon market allocations. It is based on LGIM’s wide range of commodity ETFs, including L&G All Commodities UCITS ETF, L&G Longer Dated All Commodities UCITS ETF, and L&G Enhanced Commodities UCITS ETF. The company said the range expansion reflects demand for investment solutions that are less correlated with other asset classes, allowing clients to take advantage of potential growth opportunities across the real economy.
Available to both wholesale and institutional investors registered in the UK, France, Germany, Italy, Netherlands, Norway, Denmark, Sweden, Finland, Austria, Luxembourg, Switzerland and Spain, as well as institutional investors in Singapore becomes. This falls under Article 6 of the EU’s Sustainable Finance Disclosure Regulation and will be managed by LGIM’s ETF team.
