A multinational, multi-boutique asset manager's first U.S. ETF has grown more than 16-fold so far in 2022, recently crossing into ten-figure territory.
| Jeffrey Kent "Jeff" Seeley|
iM Global Partner
Deputy CEO, Head of U.S.
On Tuesday, the iMGP DBi Managed Futures Strategy ETF
(DMBF on the NYSE Arca) surpassed $1 billion in AUM, a spokesperson for iM Global Partner
] confirms. The three-year-old
, actively managed fund is a series of the Litman Gregory Funds Trust
and comes with an expense ratio of 85 basis points.
DBMF's AUM has nearly tripled since June 30, when it had $337 million. And last week, a Bloomberg
ETF researcher estimated
that DBMF is proportionately the fastest growing ETF of 2022, at least among funds that started the year with at least $50 million assets. (DBMF started the year with $61 million in AUM, and, per Bloomberg, as of last week it had brought in $810 million in net 2022 inflows YTD, driving YTD AUM growth of 1,389 percent.)
Litman Gregory Fund Advisors, LLC
serves as DBMF's investment advisor, while Dynamic Beta Investments, LLC (DBi
) serves as subadvisor. (iM Global Partner bought Litman Gregory last year and took a minority stake in DBi back in 2018.) Two DBi managing members, Andrew Beer
and Mathias Mamou-Mani
, PM the fund.
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