Harwood Capital Management has partnered with HANetf to launch its first exchange-traded fund (ETF), which will invest in global equities.
The firm already has a range of investment trusts including North Atlantic Smaller Companies, Oryx International Growth, Odyssean and Rockwood Strategic, but the new launch will be its first venture into the ETF world.
Hector McNeil, co-founder and co-CEO of HANetf, suggested that Harwood Capital’s move into the space was an attempt to capture the rapid growth in the market – last year, European ETF inflows accelerated 88% to $169bn.
“While the US ETF market remains the largest, Europe is rapidly catching up, and asset managers are recognising this,” he said. “White-label enquiries at HANetf are up 40% this year so far and we expect that number to continue growing.”
The new ETF will be managed by Goshawk Asset Management, a new boutique specialising in global equities that was launched last year with the backing of Harwood Capital.
It was founded with former Artemis manager Alex Illingworth, who had previously ran the Artemis Global Select fund and Mid Wynd International Investment Trust.
