5 Aug 2010
The Qbasis Futures Fund, the first managed futures Exchange Traded Fund, has been given the go-ahead by the Financial Services Authority to be marketed in the UK.
Originally launched on April 1st on the Hamburg stock exchange, the Qbasis Futures Fund is the first ETF from Qbasis, the Liechtenstein-based managed futures hedge fund specialists.
The Qbasis Futures Fund is the only onshore fund that enables retail investors to access the firm’s flagship managed futures strategy. The fund replicates the investment strategy of the principal Qbasis managed futures hedge fund, also called the Qbasis Futures Fund, but will be accessible to retail investors with a minimum ticket of €2000 (£1600). By contrast, the flagship Futures Fund requires a minimum investment of $100,000 (£64,000)
The ETF fund will employ the two Qbasis trading systems, MF Trend and MF Plus, which will enable it to profit from both short and long-term trends, as well as from sideway market movements. Both systems are fully automated, using tried and tested algorithms to trade, and allow rapid dealing and systematic risk control. The established flagship managed futures strategies have had an annualised return of 40% since inception, and returned 130% in the past two years (2008-2009).
Originally launched on April 1st on the Hamburg stock exchange, the Qbasis Futures Fund is the first ETF from Qbasis, the Liechtenstein-based managed futures hedge fund specialists.
“We think there will be considerable demand in the UK for an onshore managed futures fund, and we are now considering seeking a listing on the London Stock Exchange,” said Alistair Evans, Director Sales UK for Qbasis. “This would complement our existing Hamburg listing, and make the Qbasis Futures Fund more accessible to British investors, as well as offering the security and regulatory oversight of a London listing.”
The Qbasis Futures Fund is the only onshore fund that enables retail investors to access the firm’s flagship managed futures strategy. The fund replicates the investment strategy of the principal Qbasis managed futures hedge fund, also called the Qbasis Futures Fund, but will be accessible to retail investors with a minimum ticket of €2000 (£1600). By contrast, the flagship Futures Fund requires a minimum investment of $100,000 (£64,000)
The ETF fund will employ the two Qbasis trading systems, MF Trend and MF Plus, which will enable it to profit from both short and long-term trends, as well as from sideway market movements. Both systems are fully automated, using tried and tested algorithms to trade, and allow rapid dealing and systematic risk control. The established flagship managed futures strategies have had an annualised return of 40% since inception, and returned 130% in the past two years (2008-2009).
