Nanuk repackages popular fund as currency hedged ETF
Nanuk Asset Management has brought its New World Fund back to market as a currency hedged exchange traded fund (ETF), releasing the second class of units on the Australian Securities Exchange (ASX).
Responsible entity (RE) for the fund, Equity Trustees, said the units will leverage a “dual access mechanism” allowing investors to access the fund through listed and unlisted channels.
“We are pleased to continue being RE for the Nanuk fund as it launches a second, currency hedged, class of units on the ASX,” Andrew Godfrey, Executive General Manager, Corporate and Superannuation Trustee Services at Equity Trustees, said.
The fund offers investors a diversified portfolio of listed companies that are making contributions to or benefitting from enhancing global environmental sustainability and resource efficiency, with a particular focus on areas including clean energy, energy efficiency, industrial efficiency, advanced and sustainable materials, waste management, recycling and pollution control, food and agricultural productivity and healthcare technology.
“The move to launch the Nanuk New World Fund’s hedged unit class as an ETF has been driven by adviser demand for listed access to the currency hedged version of the Fund, launched last year, which has attracted solid support from advisers and investors,” Tom King, CIO at Nanuk Asset Management, said.
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