Qbasis to release managed futures ETF in UK

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Hedge fund specialist Qbasis has received approval from the FSA to release its managed futures ETF in the UK.

The Qbasis Futures Fund, which was originally unveiled on the Hamburg stock exchange on April 1, is now seeking a London exchange listing. The Liechtenstein-based manager says this ETF is the only one that allows retail investors to access its flagship managed futures strategy, with daily liquidity. The ETF replicates the investment strategy of the Qbasis managed futures hedge fund, which is also named the Qbasis Futures Fund. In contrast with the flagship futures fund, which requires a minimum investment of  $100,000 (£64,000), the minimum amount needed to invest in the ETF is €2,...

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