Man Group has listed its Man Group UCITS ETFs on the London Stock Exchange. The two actively managed funds — the Man Active Trend Enhanced UCITS ETF and the Man Active Global Infrastructure UCITS ETF — began trading on 4 November 2026 on four lines in sterling and US dollars.
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Article created by the editorial staff of ETFWorld.co.uk
Mark Bedford, Global Head of Wealth at Man Group
The London-based alternative investment manager says these are its first UCITS ETFs. They are aimed at wealth investors in Europe and extend the active ETF range Man Group has built in the United States since 2025.
Two funds, four London lines
The four London lines correspond to two funds and three share classes. Both funds are issued by Man Active ETF ICAV, an Irish umbrella vehicle. They are UCITS ETFs authorised by the Central Bank of Ireland.
The Global Infrastructure fund trades through a single share class, Class I C USD, which has two trading lines:
MGIN trades in sterling.
MGIM trades in US dollars.
The Trend Enhanced fund is available through two separate share classes:
Class I H USD trades as MAET.
Class I H GBP trades as MATE.
All four lines are on the Main Market of the London Stock Exchange and trade on the SETS service. They are accumulating, so income is retained in the fund. Outside London, both funds are also listed in euros on Euronext Milan and Xetra.
| Ticker | Fund | Share class | Trading currency | ISIN | SEDOL | TER |
|---|---|---|---|---|---|---|
| MGIN | Man Active Global Infrastructure UCITS ETF | I C USD | GBP | IE000IX21FH5 | BWNNNX3 | 0.85% |
| MGIM | Man Active Global Infrastructure UCITS ETF | I C USD | USD | IE000IX21FH5 | BRQNXP7 | 0.85% |
| MAET | Man Active Trend Enhanced UCITS ETF | I H USD | USD | IE000GZJ7UA4 | BXW00M0 | 0.95% |
| MATE | Man Active Trend Enhanced UCITS ETF | I H GBP | GBP | IE000WQ2OCT5 | BXW00N1 | 0.97% |
*AUM in millions in the trading currency.
Trend-following ETF: Man Active Trend Enhanced UCITS ETF
The Man Active Trend Enhanced UCITS ETF is a systematic strategy. It combines broad exposure to global equity markets with a quantitative trend-following overlay applied across global futures markets.
The fund aims to generate capital growth over the medium to long term. It allocates its assets between two complementary strategies:
Trend Core Strategy: a trend-following strategy.
Equity Strategy: a long-only strategy that provides broad equity market exposure referencing the MSCI World Index, implemented primarily through financial derivative instruments.
The fund targets an exposure of approximately 100% of net asset value to each of the two strategies. No more than 10% of net asset value may be invested in emerging markets. Performance is measured by reference to the MSCI World Index, but the Equity Strategy may use different weights from the index and may not hold all of its components.
According to Man Group, the strategy aims to capture upside potential while systematically seeking to cushion drawdowns in different market conditions.
The investment manager is AHL Partners LLP, and the management company is Man Asset Management (Ireland) Limited. Russell Korgaonkar, CIO Systematic at Man Group and CIO of Man AHL, and Giuliana Bordigoni are the portfolio managers primarily responsible for day-to-day management.
The total expense ratio is 0.95% for the I H USD class (MAET) and 0.97% for the I H GBP class (MATE). Fund assets were USD 20.2 million at 30 October 2026, according to Man Group.
Man Group has run a US-listed version of the strategy since December 2025. The US fund pairs the trend-following component with US equity exposure linked to the S&P 500. The European version uses the MSCI World Index as its equity reference.
Global infrastructure ETF: Man Active Global Infrastructure UCITS ETF
Al Chu manages the Man Active Global Infrastructure UCITS ETF. The fund invests in global listed infrastructure companies and targets long-term capital growth. Man Group says it is managed with the same investment philosophy and process as the firm’s existing global listed infrastructure strategy.
The fund has a total expense ratio of 0.85%. It uses physical replication and does not hedge currency exposure.
Man Group’s active ETF strategy
Man Group entered the US ETF market in September 2025 with two actively managed credit funds. Its US range now covers active strategies in credit, equities and alternatives. The firm reported assets under management of USD 270.9 billion at 30 September 2026, up from USD 253.6 billion at 30 June 2026.
Man Group describes the two funds as its first UCITS ETFs. The firm has offered ETFs in Europe before, through partnerships. Three ETFs co-branded with its subsidiary GLG Partners and Source were liquidated before Invesco acquired Source in 2017.
Mark Bedford, Global Head of Wealth at Man Group, said: “With our first UCITS ETFs, we’re giving wealth investors in Europe access to active strategies built on the same investment expertise our institutional clients have relied upon for decades. These launches are a first step, and a foundation we intend to build on as we grow our presence in Europe. Whether it’s the sophistication of our trend-following models, honed over more than 35 years, or our disciplined approach to infrastructure investing, we believe these strategies offer European investors something differentiated: institutional rigour in an ETF, built with them in mind.”
Conclusions
The listing gives UK investors two active strategies from Man Group in sterling and US dollars. One combines global equities with trend-following. The other invests in listed infrastructure. Total expense ratios are 0.95% and 0.97% for the two Trend Enhanced classes and 0.85% for the Global Infrastructure lines.
Man Group has described the launches as a first step in Europe.
Source : ETFWorld.co.uk
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