Active equity ETFs for German exchange

footprintsSwiss & Global Asset Management said it would list the first actively managed equity exchange-traded funds (ETFs) on the German stock exchange.

The firm, which emerged from Julius Baer Asset Management in 2009 and is owned by Swiss-listed GAM Holdings, has added the Julius Baer Smart Equity ETFs to its investment fund range and will list them on the Deutsche Börse in Frankfurt as the “first” fully actively managed equity funds in the active ETF segment.

There are four funds employing strategies including systematic trend following and value.

The range includes the JB Smart Equity ETF World, which tracks the MSCI AC World Daily; the JB Smart Equity ETF Emerging Markets, which tracks the MSCI EM Daily; the JB Smart Equity ETF Europe, which tracks the MSCI Europe Daily; and the JB Smart Equity ETF Asia, which tracks the MSCI Asia Pacific ex Japan Daily.

Each Julius Baer Smart Equity ETF holds up to 200 positions and is physically replicated. Securities lending and borrowing are not allowed, therefore investors are not exposed to any issuer or counterparty risk.

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