Abbey and Capita launch property derivative fund

The CF Abbey House Price Plus Fund is a non-Ucits retail scheme (NURS), and is designed to outperform the Halifax House price Index (HHPI) over the longer term of typically three to five years. The fund will buy a portfolio of property derivatives in and around the HHPI and will be trading them with other market makers in the house price options market. Its performance against the index will be measured by the share price of the call options being traded, compared to the HHPI. Abbey has set up Neried Investment Funds, a NURS and open-ended umbrella company able to hold several sub-fund...