Karachi: According to various sources, on June 17, 2021, Dawn Global launched the Asian Growth Clubs Exchange Traded Fund (ETF) on the New York Stock Exchange (NYSE). Cubs is the first active thematic exchange-traded fund dedicated to public equities in emerging and frontier growth markets.
Cubs provides active management exposure to five significant, rapidly expanding markets: Bangladesh, Indonesia, Pakistan, the Philippines, and Vietnam. Since 2000, these five economies have expanded their GDP at a rate of more than 6% per year in US dollars; Bangladesh and Vietnam have compounded GDP for 40 years, until 2021. Despite this, most overseas investors are unable to access these markets due to a lack of ETF coverage and American Deposit Receipt listings.
Cubs is an actively managed, content-driven, thematically structured, regionally diversified ETF from Dawn Global, which is re-inventing the traditional approach to emerging country’s stocks investment.
To mitigate single country and single business risk, the Cubs’ high conviction, diversified portfolio is reviewed quarterly and rebalanced twice a year, with equal weighting across all holdings. The portfolio is targeted toward the economy of the future, with a focus on healthcare, telecommunications, media technology, consumer goods, and financials.
The fund’s investment adviser is Exchange Traded Concepts, an ETF platform provider, and its investment sub-advisor is Kingsway Capital Partners Limited (KCPL). Dawn Global is the fund’s sponsor and KCPL’s appointed agent. Cubs is distributed by Foreside Fund Services LLC, a provider of investment management services.