Already a subscriber?Macquarie will offer investors exposure to its sophisticated computer-driven share-trading strategies for management fees close to zero in a bid to seize market share in the fast-growing exchange-traded fund sector.
Its peer, the Macquarie Core Global Equity Active ETF, will use quantitative-driven computer models to buy 400 to 500 global stocks and charge a management fee of 8 basis points and 20 per cent of outperformance of the MSCI All World Index. Blair Hannon, Macquarie Asset Management’s ETF investment strategist, said the funds were the firm’s most innovative yet.“It gives mum and dads the chance to get exposure to our sophisticated strategies,” he said.
Scot Thompson, the co-head of Macquarie’s systematic trading unit, said the funds used machine learning techniques to trade stocks and the fee structure aligned with the interests of clients and the asset manager.
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