Eurizon SLJ Capital, the London-based investment arm of Eurizon, the €384 billion asset management company of the Italian bank Intesa Sanpaolo, has launched its first Irish-domiciled actively-managed ETF with Connect ETFs, a new ETF platform connecting asset managers with leading ETF service providers.
The platform uses Carne Global Fund Managers (Ireland) as the management company and Citi as administrator, custodian, and depositary.
The new ETF, the CO Eurizon SLJ EM Bond Strategic Income Ucits ETF ($102m AUM as of 17 July 2024) has no benchmark, and aims to provide emerging market income with developed market risk characteristics.
The fund will be managed by Eurizon SLJ Capital’s London-based team led by Stephen Jen (CEO & co-CIO) and Fatih Yilmaz (co-CIO).
The fund is listed on the Irish Stock Exchange and is expected to launch on the London Stock Exchange in late 2024.
“Our quality-enhanced active EM bond ETF offers investors a transparent, cost-effective, and flexible access to EM bond income with developed market risk characteristics, managed by a diverse team and backed by our research-led approach to investing,” said Matt Jones, head of distribution for the firm.
“It is an exciting time for active ETFs in Europe, and we see growing demand for high-conviction bond ETFs, either as a complement to passive funds or an outright allocation.”
