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 1 April 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,” says 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 fund is the only onshore fund that enables retail investors to access the firm’s flagship managed futures strategy. It is also among the first managed futures funds to offer daily liquidity.
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 EUR2000 (GBP1600). By contrast, the flagship Futures Fund requires a minimum investment of USD100,000 (GBP64,000)
The 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.
