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Rating:One Fund, 103 Days, and $663MM More AUM Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 13, 2022

One Fund, 103 Days, and $663MM More AUM

Reported by Neil Anderson, Managing Editor

A multinational, multi-boutique asset manager's first U.S. ETF has grown more than 16-fold so far in 2022, recently crossing into ten-figure territory.

Jeffrey Kent "Jeff" Seeley
iM Global Partner
Deputy CEO, Head of U.S.
On Tuesday, the iMGP DBi Managed Futures Strategy ETF (DMBF on the NYSE Arca) surpassed $1 billion in AUM, a spokesperson for iM Global Partner [profile] confirms. The three-year-old, actively managed fund is a series of the Litman Gregory Funds Trust and comes with an expense ratio of 85 basis points.

DBMF's AUM has nearly tripled since June 30, when it had $337 million. And last week, a Bloomberg ETF researcher estimated that DBMF is proportionately the fastest growing ETF of 2022, at least among funds that started the year with at least $50 million assets. (DBMF started the year with $61 million in AUM, and, per Bloomberg, as of last week it had brought in $810 million in net 2022 inflows YTD, driving YTD AUM growth of 1,389 percent.)

Litman Gregory Fund Advisors, LLC serves as DBMF's investment advisor, while Dynamic Beta Investments, LLC (DBi) serves as subadvisor. (iM Global Partner bought Litman Gregory last year and took a minority stake in DBi back in 2018.) Two DBi managing members, Andrew Beer and Mathias Mamou-Mani, PM the fund. 

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