Wellington Management Unveils New Absolute Return, Global Equity UCITS Funds

Dec 23 2016 | 7:21pm ET

Wellington Management has launched two new UCITS-compliant funds as the Boston-based asset management giant pushes further into liquid alternative vehicles.

The first fund, named the Wellington Global Currency Absolute Return fund, formally launched on November 1, according to Citywire. The fund is domiciled in Dublin and invests in liquid, currency-linked derivatives in pursuit of a low-correlation absolute return above the BofAML 3-month U.S. Treasury Bill index. The management team reportedly utilizes fundamental research to identify investment opportunities in mostly developed currencies and employs multiple managers to add diversification. 

The second fund launched by Wellington debuted on December 8 and is also domiciled in Dublin. It is a global impact fund and invests specifically in companies whose primary activity addresses at least one of ten social and/or environmental problems, such as hunger, water, sanitation, health, affordable housing and alternative energy, while also generating a return. It is benchmarked against the MSCI All Country World NR USD index. Almost by default, the fund will be heavily concentrated in small- and mid-cap companies, and will focus on stocks in developed nations. 

Tracing its roots back to 1928, Wellington Management is headquartered in Boston and has $998 billion in AUM deployed across global equity, fixed income, currency, commodity, and alternatives strategies for a wide range of mostly institutional investors. 

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