Regents Park Funds is the latest ETF entrant to hit the field, partnering with Anfield Capital and launching a new actively managed liquid alternative.
On Friday, Regents Park Funds rolled out the Anfield Capital Diversified Alternatives ETF (BATS: DALT). DALT has a 1.30% expense ratio.
Peter Van de Zilver and David Young of Anfield Capital will serve as the portfolio managers of the Anfield ETF.
“With the Diversified Alternatives ETF, Regents Park Funds seeks to provide capital growth and income with positive return over full market cycles. The Fund invests in a broad spectrum of asset classes. The portfolio management team makes tactical adjustment with the goal of reducing risk and increasing returns,” according to Regents Park Funds.
The new active ETF will try to provide capital growth and income by investing in alternative asset classes and securities that represent sectors, market segments or asset classes that do not represent the general investment universe, according to a prospectus sheet.
DALT will act like a fund-of-funds, investing in unaffiliated ETFs, closed-end funds, business development companies and real estate investment trusts. The ETF’s exposure will largely include areas that typically exhibit a lower correlation to the general equity and fixed-income markets.
Specifically, the fund managers will target areas like frontier technology companies at the forefront of major technical innovations in computing, medical sciences and nano-technology; companies in newly opened or frontier markets or involved in infrastructure development and resource exploitation.
Related: PowerShares Fuels ETF Fee War with New Low-Cost, Beta Offerings
Furthermore, the ETF may include traditional alternative investments such as private equity, private debt, and hedge funds; long and short positions (including leveraged positions) in stocks, bonds, cash, and derivatives (futures, options, and forward contracts) on individual securities and indices; energy, and commodity related securities; long and short volatility strategies; multi-asset/market neutral; and absolute return/macro & event driven. The Fund may also invest in convertible and preferred securities.
Anfield Capital Management anticipates the fund will hold be20 to 30 equally weighted positions.
Anfield also operates separate managed accounts, which also cover liquid alternative strategies or investment styles found within DALT’s mandate.
For more information on new fund products, visit our new ETFs category.