Nomura has taken advantage of the extended powers offered by Ucits III to launch two funds that link directly to the Standard & Poor's Diversified Trends Indicator. Aimed at retail and institutional investors, the S&P DTI fund and the S&P DTI 80% Protected fund make use of the indicator, which works from a rules-based long/short strategy on a global basket of commodity and foreign exchange investments.
The S&P DTI is a tracker fund designed for investors looking for diversification benefits from the indicator as well as potential for growth in an investment portfolio.
It carries an institutional annual management charge of 0.45%, while the retail share class's annual charge is 1.25% plus initial and trail commission.
The 80% Protected fund is also heavily diversified and protects investors by locking in 80% of the highest net asset value achieved during the fund's life. Minimum investment in the Dublin-domiciled funds is £1,000 for the retail class and £100,000 in the institutional class.
And then prepare yourself
Aims to double client base
Work with wealth management team
Reduces chances of rate hike
'Following the letter, but not the spirit, of the rules'