Abbey Financial Markets and Capita Financial Managers have launched the UK's first open-ended residential property derivatives investment 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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
