Equity Trustees, Responsible Entity for the Nanuk New World Fund [ASX: NNUK] announced the Fund is now listed as an Exchange Traded Managed Fund (ETMF).
Established in 2015 as an unlisted fund, the New World Fund is managed by Nanuk Asset Management Pty Limited (Nanuk), a specialist investment manager focused on the broad global themes of environmental sustainability and resource efficiency.
The Fund’s performance objective which is to provide investment returns which exceed conventional global equity indices, after management fees, over the long term remains unchanged.
Russell Beasley, Executive General Manager, Corporate Trustee Services (CTS), Equity Trustees said the specialist Fund was able to leverage the expertise of the CTS experienced team and strong working relationship with Nanuk to enable the dual arrangement.
“We’re seeing more funds becoming available in listed and unlisted structures, giving flexibility to investment managers and investors. Equity Trustees’ years of experience in funds governance, markets and varying fund structures means we can continue to partner with clients as a Responsible Entity, if or when they choose to list on an exchange like the ASX,” said Mr Beasley.
Melanie De Cressac, Chief Operating Officer at Nanuk said: “Aside from being our RE and bringing decades of experience, we trust and value Equity Trustees’ extensive knowledge of listing funds and are grateful for their expert assistance with quoting the Nanuk New World Fund.
“We believe having an exchange-traded version of the Nanuk New World Fund is an excellent way to evolve a well-established product. We believe it offers the benefits of transparency, liquidity plus an easy entry point into a well-managed modern portfolio focusing on sustainable investments and technologies.”
The Nanuk New World Fund (ASX:NNUK) listed on 21 March 2022.
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Equity Trustees was established in 1888 for the purpose of providing independent and impartial Trustee and Executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, we offer a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and Responsible Entity (RE) services for external Fund Managers. Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies, publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth, London and Dublin.