Man AHL is building on a decade-long partnership with American Beacon Advisors in offering an ETF and mutual fund to investors.
London-based AHL Partners (Man AHL), a part of $151 billion Man Group, will serve as sub-advisor for both funds. Shares of the ETF and mutual fund became available on Aug. 31 and Aug. 17, respectively.
“As we approach a decade of partnership with American Beacon, we are thrilled to further build on that success by increasing access to liquid alternative strategies with the launch of two additional funds with American Beacon,” said Russell Korgaonkar, chief investment officer of Man AHL, in a statement. “We believe that a wide range of investors should have access to the diversification and crisis alpha embedded within trend-following and multi-alternative strategies. Demand to participate in more liquid vehicles is rapidly growing and ETFs are further complementing mutual funds as a critical component of the retail investor toolkit.”
The American Beacon AHL Trend ETF marks Man AHL’s foray into the ETF market. The offering deploys an active, quantitative and systematic trading strategy that is designed to proactively manage risk while capitalizing on price trends via derivatives throughout more than 20 global markets across stocks, bonds, commodities and currencies. The ETF will rely on quantitative models.
“We’re thrilled to officially enter the ETF market, as our clients have expressed a strong desire for this alternative investment vehicle,” said Jeff Ringdahl, president and CEO of American Beacon and its parent company, Resolute Investment Managers. “Man AHL has solidified itself as a pioneer in systematic trading over the last three decades and, more importantly, has been a trusted partner of ours for nearly 10 years. Launching these two products is a natural step to build on our past achievements, and we look forward to offering our clients and investors a unique complement to traditional portfolios.”
The mutual fund, American Beacon AHL Multi-Alternatives combines Man AHL’s managed futures and “TargetRisk” strategies. The offering is set to invest primarily in derivatives, including futures contracts, foreign currency forward contracts and swaps.
American Beacon said is evaluating future opportunities to partner with new and existing sub-advisors to provide additional ETFs that complement its evolving mutual fund lineup.
“We will bring differentiated products to the marketplace that offer clients efficient methods of exposure,” said Becky Harris, senior vice president for Product Management & Corporate Development at American Beacon and Resolute. “Most importantly, we will continue to meet investors where they are by delivering unique investment styles and asset classes in the vehicles that best suit their modern portfolios.”
