Key Takeaways
- • American Beacon Advisors launched its first exchange-traded fund, the American Beacon AHL Trend ETF (Ticker: AHLT), on August 31, 2023, marking Man AHL's entry into the ETF market.
- • The firm simultaneously debuted the American Beacon AHL Multi-Alternatives Fund, which became available August 17, 2023, combining Man AHL's "Managed Futures" and "TargetRisk" strategies.
- • Man AHL, part of Man Group plc, serves as sub-advisor for both products, building on a partnership of nearly 10 years.
- • American Beacon had more than $63.0 billion in assets under management as of June 30, 2023, per the company; Man Group managed $151.7 billion as of the same date.
- • The firm plans to evaluate additional ETFs with new and existing sub-advisors to complement its evolving mutual fund lineup.
Summary
American Beacon Advisors, Inc., an investment affiliate of Resolute Investment Managers, Inc., announced the launch of its first exchange-traded fund, the American Beacon AHL Trend ETF (Ticker: AHLT), according to a Business Wire release. The company also introduced its latest mutual fund, the American Beacon AHL Multi-Alternatives Fund, with R6, Y, A and C share classes. Shares of the ETF became available on August 31, 2023, and the mutual fund on August 17, 2023.
London-based AHL Partners LLP ("Man AHL"), part of Man Group plc, will act as sub-advisor for both funds. The ETF also marks Man AHL's entrance into the ETF market. The ETF will apply an active, quantitative and systematic trading strategy designed to manage risk while seeking to capitalize on price trends across more than 20 of the most liquid global markets spanning stocks, bonds, commodities and currencies, using derivative instruments. The strategy builds on methods Man AHL has developed over its 35-year-plus history.
The American Beacon AHL Multi-Alternatives Fund combines Man AHL's "Managed Futures" and "TargetRisk" strategies, aiming to offer diversification benefits and drawdown protection. The fund will invest primarily in derivatives, including futures contracts, foreign currency forward contracts and swaps.
Jeff Ringdahl, president and CEO of American Beacon and Resolute, said clients had expressed a strong desire for an alternative investment vehicle in ETF form. Russell Korgaonkar, chief investment officer of Man AHL, said the launch extends a decade-long partnership and reflects growing demand for more liquid vehicles. Becky Harris, senior vice president for Product Management & Corporate Development, and Greg Stumm, head of distribution, also commented on the launches. The firm said it is evaluating further ETF opportunities with new and existing sub-advisors.
American Beacon Advisors, established in 1986, serves defined benefit and defined contribution plans, foundations, endowments and retail clients. Man Group, headquartered in London, is a technology-empowered active investment manager. The release notes that the ETF is new with a limited operating history, and that Foreside Financial Services, LLC distributes the ETF while Resolute Investment Distributors, Inc. distributes the mutual fund.
London-based AHL Partners LLP ("Man AHL"), part of Man Group plc, will act as sub-advisor for both funds. The ETF also marks Man AHL's entrance into the ETF market. The ETF will apply an active, quantitative and systematic trading strategy designed to manage risk while seeking to capitalize on price trends across more than 20 of the most liquid global markets spanning stocks, bonds, commodities and currencies, using derivative instruments. The strategy builds on methods Man AHL has developed over its 35-year-plus history.
The American Beacon AHL Multi-Alternatives Fund combines Man AHL's "Managed Futures" and "TargetRisk" strategies, aiming to offer diversification benefits and drawdown protection. The fund will invest primarily in derivatives, including futures contracts, foreign currency forward contracts and swaps.
Jeff Ringdahl, president and CEO of American Beacon and Resolute, said clients had expressed a strong desire for an alternative investment vehicle in ETF form. Russell Korgaonkar, chief investment officer of Man AHL, said the launch extends a decade-long partnership and reflects growing demand for more liquid vehicles. Becky Harris, senior vice president for Product Management & Corporate Development, and Greg Stumm, head of distribution, also commented on the launches. The firm said it is evaluating further ETF opportunities with new and existing sub-advisors.
American Beacon Advisors, established in 1986, serves defined benefit and defined contribution plans, foundations, endowments and retail clients. Man Group, headquartered in London, is a technology-empowered active investment manager. The release notes that the ETF is new with a limited operating history, and that Foreside Financial Services, LLC distributes the ETF while Resolute Investment Distributors, Inc. distributes the mutual fund.
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