iM Global Partner brings its EUR-hedged Managed Futures UCITS ETF to Euronext Paris for euro-based investors
23 SEPT, 2026
By Joanna Piwko from RankiaPro Europe
Euro-based investors now have a second major European venue to access managed futures without USD/EUR currency exposure. iM Global Partner (iMGP) announced on 21 September 2026 the listing of the iMGP DBi Managed Futures Fund R EUR HP UCITS ETF on Euronext Paris (Bloomberg ticker: MFEH:FP).
The fund had USD 698 million in assets under management as of 18 September 2026, while the underlying strategy has reached USD 6.59 billion.
From Xetra to Euronext Paris
The EUR-hedged share class was first introduced on Deutsche Börse Xetra (ticker MFEH:GY) earlier this year, where it met strong demand from euro-based clients seeking the strategy's diversification benefits without USD/EUR currency exposure.
The Euronext Paris listing extends that access to euro-based clients trading through Euronext. It sits alongside the fund's USD share class, already available on the same platform, on the London Stock Exchange and on Xetra.
The strong reception of our EUR-hedged share class on Xetra confirmed what we already knew from our conversations with clients: euro-based investors want the diversification benefits of this strategy without unwanted currency exposure. Bringing the same hedged access to Euronext Paris reflects our long-term commitment to broadening access to differentiated, institutional-quality strategies across Europe.
Julien Froger, Managing Director, Head of Europe, iM Global Partner
Currency risk and diversification in managed futures
Managed futures strategies have become increasingly relevant in a market environment marked by concentration risk and valuation sensitivity in equity markets. The ETF is designed to deliver diversification by capturing trends across equities, bonds, currencies and commodities through liquid futures markets.
Currency risk can significantly distort the diversification benefits investors seek in managed futures strategies. Having proven the case for a EUR-hedged share class on Xetra, extending it to Euronext Paris allows a broader base of euro-based clients to capture more effectively the strategy's low correlation with equities and bonds, within a transparent and liquid UCITS ETF structure.
Luc Dumontier, Managing Director, CIO – Global Asset Management, iM Global Partner
Hedge fund replication in a UCITS ETF wrapper
The actively managed UCITS ETF is run by DBi, iMGP's Partner specialising in hedge fund replication. It aims to replicate, before fees, the performance of a representative basket of leading managed futures hedge funds, within a transparent, daily-liquid and cost-efficient structure.
By extending EUR-hedged access to a second major European exchange, iMGP and DBi continue to broaden access to institutional-quality alternative strategies. As of 4 September 2026, iMGP's global active ETF platform had USD 5.88 billion in assets under management.
