ENGLAND, UK (HEDEGECO.NET) – Barclays Bank of England has announced the launching of a new hedge fund index. The new index, according to bank sources, is geared towards the small investors. The newindex, called the Protected FTSE Hedge Fund Plan will enable small investors to invest in hedge fund strategies with a small amount of capital amounting to about $5,340.
The new index is available through the Woolwich subsidiary of Barclays Bank; it is designed to track the FTSE Hedge Fund Index. According to the bank, the new index will help small investors, particularly those investing with fund of hedge funds, to gain access to many hedge fund managers.
The FTSE Hedge Fund Plan is designed with a special feature geared towards capital preservation, according to the firm. Investors using the index will not lose their initial stake, but such provision comes with some conditions, such investors will be receiving only two thirds of investment returns posted by the fund.
FTSE Hedge will be calculated on a daily basis and will comprise a global index of 40 Hedge Funds, with a range of sub indices covering the major hedge fund strategies. FTSE Hedge has been designed to accurately reflect the investable opportunity for investors across all hedge funds. Only open hedge funds with a proven 2-year track record and strict external audits are included in the index.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com.
