Paris, New York – May 9, 2022 – iMGP DBi Managed Futures Strategy ETF (ticker: DBMF) was launched by iM Global Partner (iMGP), a worldwide asset management network, and its partner Dynamic Beta Investments (DBi), a pioneer in pre-fee hedge fund replication, to bring the diversification benefits of managed futures to a broader investor base. In its first three years since launch, DBMF has achieved three key milestones. As of April 29, 2022:
- Since inception, DBMF has returned 15.45% (NAV) and 15.56% per annum (Market Price) with a correlation to the S&P 500 of -.03, beta of -0.02 and annualized alpha of 15.23%.
- Also since inception, DBMF has outperformed the SocGen CTA Hedge Fund index, a benchmark of leading managed futures hedge funds, by 5.05% per annum at NAV (15.45% v 10.40%).
- Year-to-date, DBMF has gained 23.97% NAV and 22.58% (Market Price).
As of May 5, 2022, DBMF’s assets under management were $150 million, an increase of $90 million since 12/31/21.
|Quarter End Performance as of 3/31/2022||1 Month||Year-to-Date||12 Month Total Return||Since|
|iM DBi Managed Futures Strategy ETF (NAV)||8.56%||12.16%||14.98%||12.00%|
|iM DBi Managed Futures Strategy ETF (Price)||7.07%||10.84%||14.99%||12.06%|
|Morningstar US Fund Systematic Trend Category||6.36%||10.34%||11.78%||6.64%|
|Gross Expenses: 0.85%|
A truly distinctive ETF, DBMF seeks long-term capital appreciation by using a sophisticated multi-factor model that seeks to replicate the pre-fee returns of the largest commodity trading advisor hedge funds. DBMF invests in approximately 15 highly-liquid futures contracts and is rebalanced weekly.
In one of the most challenging areas of investment for institutional and retail investors, DBMF offers investors the potential to outperform leading hedge funds, but with a low cost 0.85% expense ratio and ETF accessibility.
Andrew Beer, co-Portfolio Manager, said: “Managed futures, as a strategy, has the potential for great diversification bang-for-the-buck, especially in an inflationary environment. In 2015, we set out to solve the twin hurdles of investing in the space: high fees and expenses and single manager risk. DBMF is the culmination of that effort.”
Mathias Mamou-Mani, co-Portfolio Manager, adds: “At DBi, we pioneered a simple yet powerful concept: in hedge funds, fee reduction can be the purest form of alpha. Our vision is to deliver more alpha to clients with client-friendly features like daily liquidity and equitable fees.”
Jeff Seeley, Deputy CEO of iMGP and CEO of iMGPFM continues: “DBMF was our first ETF launched at iMGPFM in the US and is an integral solution for our $2.5 billion US ETF/Fund Platform. DBMF directly addresses what our US advisors and clients wanted in an actively managed, low-cost ETF strategy: an ETF that can protect portfolios during periods of inflation and market volatility while adding value to allocations long term. We believe that DBMF can be transformative in the years to come for both model portfolios, institutional clients and the ETF space: a one stop solution that can enable all clients in the US in traditional portfolios to access institutional-quality managed futures in an actively managed, low-cost ETF.”
Co-founded by Andrew Beer and Mathias Mamou-Mani, DBi is a New York-based pioneer in pre-fee hedge fund replication. DBi currently manages over $800 million of replication-based hedge fund strategies in ETFs, UCITS funds and similar vehicles for clients in the US, Latin America, Europe and Asia. The firm publishes extensively on hedge funds, liquid alternatives, quant investing and related topics, and is widely cited in the press.
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 13 locations across Europe and the United States and provides its clients with access to the best management strategies of its Partners. It represents over US$37 billion of assets under management as of end March 2022.
iM Global Partner Fund Management is a $4 billion US Distribution platform providing clients access to mutual funds, ETFs and model portfolio solutions.