SVM Asset Management will launch two new funds next month. The SVM Cautious Managed and SVM Balanced Managed Funds will hold 40 per cent and 15 per cent respectively in an actively managed portfolio of cash and bonds. The balance of the portfolios will be invested in specialist funds, including private equity, property and hedge funds,
Goodman Property Investors is adding to its fund of funds range with the Asia Pacific Fund of Funds. It will be managed from Sydney, with target equity of $500m (£253m, €315m). The fund has a target of 14 per cent a year and will invest in office, retail and industrial sectors.
BNY Mellon Asset Management has strengthened its Dublin-domiciled Mellon Global Funds range with its first global 130/30 fund. The Mellon Global Extended Alpha Fund is managed by Mellon Capital Management.
Brown Advisory, an American investment group that opened a London office last month, has launched a US equity smaller companies fund through its Dublin-based Ucits III structure. The fund has been seeded with $29m and will mirror Brown Advisory’s $430m domestic strategy.
JPMorgan has expanded its international longevity index family with the launch of a LifeMetrics Index for Germany. The tradeable index is part of an overall platform the investment bank has created, aimed at allowing pension plans and life insurers to measure and manage both longevity and mortality exposure.
Standard & Poor’s has added three new investable indices covering Africa: S&P Pan Africa, S&P Africa Frontier and S&P Africa 40. The S&P Pan Africa covers 12 of Africa’s most developed markets, while the S&P Africa Frontier covers eight smaller markets. The S&P Africa 40 Index is designed to provide tradable exposure to 40 of the largest and most liquid companies that operate purely in Africa.