MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 14, 2024 In 19 Months, This Flagship Surpasses $3B A multi-boutique asset manager's flagship fund has tripled in size in the past nine months.
TBIL is one of 10 funds in F/m's US Benchmark Series and accounts for 70.8 percent of the series' combined $4.245 billion in AUM as of yesteday. The nine other funds range from $5.26 million to $507.83 million each in AUM. Each fund tracks the most current US Treasury securities in tenors from across the yield curve, ranging from 6 months to 30 years. F/m launched TBIL and the other two initial US Benchmark Series ETFs on August 9, 2022. In ten months, TBIL crossed the $1-billion-AUM milestone. Morris, co-creator of the US Benchmark Series, says that the growth of TBIL (which has tripled in size in the past nine months) "highlights investors' appetite for easy access to safety and yield at the short end of the curve." "In a market inundated recently by novel asset classes and even cryptocurrencies, the US Benchmark Series ETFs — both short and longer durations — are attracting assets from investors seeking duration exposure with the clarity and precision that these ETFs enable," Morris states. Peter Baden, CIO of F/m's Genoa Asset Management and co-creator of the US Benchmark Series, puts the growth of TBIL and its siblings in the context of F/m's broader mission: "to build institutional quality, precise, diversified portfolios with the ease and efficiency of ETFs." "We launched TBIL and the US Benchmark Series to bring efficiency and simplicity to US Treasury investing, but our goal was always larger," Baden states. Like all of the US Benchmark Series, TBIL is a series of the RBB Fund, Inc.. F/m (dba North Slope Capital, LLC, another F/m boutique) serves as investment advisor, and ICE Data Services serves as index provider. TBIL is designed to track the ICE BofA 3-Month Treasury Bill Index. The fund's PM includes: Marcin Zdunek, director of trading and assistant portfolio manager at F/m; Baden; and Morris. The ETF's other service providers include: Cohen & Company, Ltd. as independent accounting firm; Faegre Drinker Biddle & Reath LLP as counsel; Quasar Distributors, LLC as distributor and underwriter; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, accounting agent, dividend disbursing agent, and transfer agent; and U.S. Bank, N.A. as custodian and securities lending agent. Printed from: MFWire.com/story.asp?s=67164 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
