Investment boutique ABR Dynamic Funds has made its Alternative Ucits debut with the launch of a volatility-focused equity fund as part of a distribution arrangement with Swiss firm OpenFunds.
The newly launched fund is a systematic approach that aims to target US equities in an absolute return, volatility-focused manner.
It will seek similar returns to the New York-based asset manager’s first index fund, which is called ABR Dynamic Blend Equity and Volatility Index.
The existing index builds on a custom index suite called ‘Powered by Wilshire’, which was developed by Wilshire Associates in 2015. It independently calculates and publishes the index values for ABR.
ABR's founder and CEO, Taylor Lukof, said he plans to grow assets under management in an expanding segment of the European markets in the Ucits fund wrapper.
ABR launched its fifth fund under the ‘Powered by Wilshire’ name earlier in February and intends to bring a suite of these to the Ucits market. Lukof said investor demand for such systematic strategies was currently very high.
Under the arrangement with Zurich-based OpenFunds Investment Services, the Swiss group will be responsible for marketing and distributing the new approach in Switzerland, Europe and the Middle East.
ABR Dynamic Funds is the subsidiary of ABR Management and was founded in March 2015 to create indices and liquid alternative funds.