Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:New Allies Power an ESG ETF-of-ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 3, 2022

New Allies Power an ESG ETF-of-ETFs

Reported by Neil Anderson, Managing Editor

A 13-year-old, $15.7-billion-AUMA (as of December 31) ETF strategist is teaming up with a key new ally to launch an ESG ETF-of-ETFs.

Jeffrey Kent "Jeff" Seeley
iM Global Partner
Deputy CEO, Head of U.S.
On Tuesday, Jeff Seeley, deputy CEO of iM Global Partner (iMGP [profile]), and Richard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors, LLC (RBA), unveiled the iMGP RBA Responsible Global Asset Allocation ETF (IRBA on the NYSE Arca). The fund is a series of the Litman Gregory Funds Trust. (iMGP bought Litman Gregory last year.)

The fund's Monday debut comes about half a year after iMGP bought a big minority stake in RBA and a week after the iMGP and RBA folks unveiled a pair of UCITs funds for the other side of the pond.

iM Global Partner Fund Management, LLC serves as investment advisor to the new fund, while RBA is its subadvisor. Berstein, RBA deputy CIO Dan Suzuki, RBA director of investments Matthew Griswold, and RBA director of ETFs Henry Timmons will PM the new fund, an active ETF. It will be powered by a go-anywhere multi-asset strategy that mixes equities and fixed income by investing in between five and 30 ESG or SRI ETFs. (RBA calls their approach "Pactive," for actively investing using passive tools.)

The new ETF's expense ratio is 69 basis points. That includes a six-bps fee waiver that iMGP has promised to offer for at least a year.

Seeley describes the new fund as a potential "foundation for clients' long-term responsible ESG global allocations" and praises the RBA team's expertise in global asset allocation via ETFs.

"There is strong demand for a comprehensive solution that pulls together all the ESG and Responsible single ETFs available to advisors and investors into one globally diversified solution," Seeley states.

The new fund's other service providers include: ALPS Distributors, Inc. as distributor and principal underwriter; Cohen & Company, Ltd. as independent accounting firm; Paul Hastings LLP as counsel; and State Street Bank and Trust Company as administrator, custodian, securities lending agent, and transfer agent. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use