Three former Veritas Investment Trust fund managers are planning to unveil an exchange-traded fund (ETF) firm Advanced Dynamic Asset Management, Citywire reports. Marc Sattler, Thorsten Winkler and Klaudius Sobczyk have founded the new company, which will be based in Hessen, Germany. The company has secured grants to set up its first advisory mandate. Sattler will be sole manager of the fund until January, at which time Winkler and Sobczyk will join him. The ETF offering called Advanemics has been approved for distribution in Luxembourg and will be managed using a computer model analyzing financial market indices.

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