Hauck & Aufhäuser restructures eNova fund on new ICAV platform

HAL Fund Services Ireland Limited (HALFI), part of the Hauck & Aufhäuser Fund Services Group (HAFS Group), has partnered with J.P. Morgan to establish an ICAV investment platform tailored for asset managers in the German-speaking DACH region.

As part of this initiative, the eNova Active Core EUR Ultra Short Term fund, ISIN IE000AKHLQ11, has been restructured and incorporated into the ICAV platform. This move follows a management buy-out and places the fund under the liability umbrella of FIDUS Finanz AG.

Active Core Asset Management GmbH manages the fund, offering a money market-related investment focused on short-term bonds issued by governments or highly rated institutions. Portfolio manager Wilhelm Wildschütz and his team will continue overseeing the fund under the new structure.

“With the ICAV platform, we are providing asset managers from the DACH region with a modern structure that enables efficient implementation of ETF strategies, supported by solid regulatory frameworks and robust operational infrastructure,” said Lisa Backes, Deputy CEO of Hauck & Aufhäuser Fund Services S.A. She added that the investment funds of Active Core Asset Management GmbH are a strong example of how experienced teams can execute innovative concepts within a scalable platform.

The ICAV platform is open to asset managers seeking to launch innovative ETF strategies and looking for an experienced partner to support these initiatives.