ETFs, Investments

Antipodes close to active ETF launch

Global equities manager Antipodes Partners has revealed it will launch its actively managed exchange-traded fund (ETF) in September.

The EQMF will enable SMSFs and other retail investors to easily access Antipodes’ capabilities through an open-ended Australian Securities Exchange-listed investment, with pricing similar to passive ETFs.

“We’re about to launch our first active ETF, the Antipodes Exchange-Quoted Managed Fund, around the end of September,” Pinnacle Investment Management director Matt Dell told the Pinnacle Investment Summit in Sydney yesterday.

“There’s been a big trend toward alternative investment structures – there’s been growth in exchange-traded products, both active and passive, and the growth in listed investment companies (LIC) and listed investment trusts (LIT).

“Our distribution strategy going forward is going to accommodate that increasing diversity that we’re seeing in investor and adviser preferences.

“With four of our affiliates we’ve done three LICs and one LIT in the last couple of years, and we have at least two more LICs in the pipeline in the second half of the year.”

Antipodes has been a beneficiary of increased demand from local investors, both retail and institutional, for global equities over the past few years.

Its assets under management have increased to $7 billion in three years since its formation, with around half being sourced from retail investors, including SMSFs and high net worth individuals, and institutions.

Antipodes Partners is one of nine affiliated managers of Pinnacle Investment Management.

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