Hasley and Way join forces for fund of ETFs

The Global Momentum fund will compare indices with their moving averages on a monthly basis to determine whether investors should stay in a rising market or move into cash to protect against capital losses. It will invest in 24 equally-weighted developed world ETFs, or cash should a falling market be predicted. The fund aims to beat the MSCI World Index but with reduced volatility. Professors Andrew Clare and Steve Thomas, of Cass, say the strategy has achieved an annual return of 6.6% in back-testing.