An actively managed fixed-income ETF from Ardea Investment Management has been added to the HUB24 platform, the first in Fidante Partner's ActiveX series.
The ETF is the first actively-managed fixed-income ETF in the Australian market that is not constrained by an index, and is available under the ASX ticker code, XARO, according to a statement.
Ardea portfolio manager Gopi Karunakaran said he was delighted to have XARO available to HUB24’s clients.
“We are delighted to have XARO available to HUB24’s clients. As one of the fastest growing platforms in the market, we expect the association to significantly boost adviser interest in XARO,” Mr Karunakaran said.
Ardea said XARO’s underlying fund, the Ardea Real Outcome Fund (ARO) has $591 million of AUM as at 30 April 2019.
It noted the strategy behind ARO involves combining its ‘relative value’ investment approach with risk management strategies that are intended to succeed in adverse market environments, which are then are packaged into a defensive portfolio that prioritises liquidity and capital preservation, while delivering attractive returns.
Mr Karunakaran said these attributes were particularly compelling in the current market environment.
“The combination of ultra-low bond yields, rising interest rate volatility and late cycle credit risks have left conventional interest rate duration and credit-based fixed income investments facing more risk for less return” he said.
XARO is available on BT Panorama, Asgard and BT Wrap platforms for both investments and super, and the Macquarie Wrap platform for investments.
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