Antipodes Partners launches active ETF to meet increasing demand for global equities

Boutique global equities investment manager, Antipodes Partners, today launched an exchange quoted managed fund (active ETF) for its popular global equity strategy.

The active ETF, Antipodes Global Shares (Quoted Managed Fund) (ASX:AGX1), enables retail investors to more easily access Antipodes’ award-winning capabilities through an open-ended ASX-listed investment.

The Antipodes Global – Long strategy seeks to generate absolute returns above the MSCI All Country World Index by focusing on identifying under appreciated companies in the midst of structural change.

The high conviction fund holds a minimum of 30 individual companies and adds a focus on capital preservation, achieved through stringent risk management measures and the requirement for a ‘margin of safety’ on all its investments.

Andrew Findlay, Managing Director of Antipodes Partners, said: “The Antipodes Global Shares active ETF is another way to provide our existing investment funds to a broader spectrum of investors, both here in Australia and overseas.”

“ETFs are coming of age,” he noted. The number of global ETFs and active ETFs on the ASX have grown at a compounded annual growth rate (CAGR) of 23%, according to the ASX as at July 2018.

“An increase in demand from investors, both here and overseas, is one of the key reasons we have today launched this active ETF,” said Mr Findlay.

Antipodes Partners also manages the Antipodes Global Fund, which is already one of the top 20 managed funds in terms of SMSF ownership, according to the ASX’s Class Benchmark report June 2018.

The Antipodes Global Shares fund is managed by Chief Investment Officer and Portfolio Manager Jacob Mitchell. He was previously the deputy CIO at Platinum Asset Management, where he spent 14 of his 22 years of investment experience.

Antipodes has also developed Irish-domiciled UCITS funds for its global equity strategies. The UCITS are targeted towards investors in Europe and Asia where Antipodes is seeing demand for its high-conviction, risk-aware approach from global investors.

Antipodes has been a beneficiary of increased demand from local investors, both institutional and retail, for global equities over the past few years. Its assets under management (AUM) has increased to over $8 billion – with around half being sourced from institutions and half from retail investors (including SMSFs and high net worth individuals).

As of September 2018, the Antipodes Global – Long strategy has returned 15.0% p.a. after fees against the benchmark return of 11.0% p.a. since inception in July 2015.

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