Marshall Wace unveils equity market-neutral ETF

The MW Tops Global Alpha fund tracks the performance of the respective index, which is based on a basket of Marshall Wace's global Tops investment strategies. The basket will provide exposure to a minimum of six strategies, comprising mainly large-cap equities and equity-related securities which constitute major global equity benchmarks. The ETF is due to commence trading on the London Stock Exchange and in Frankfurt in late February or early March. Marshall Wace chief executive Ian Wace says the structural advantages of the listed ETF allow a wide range of investors to capture an ...