Multi-strategy fund from Macro Currency Group
From Products Feb 20 2012 BY: Simon Danaher
, Online News Editor
, International Adviser
Specialist investment house, Macro Currency Group, has launched a multi-strategy currency fund called the Principal Global Investors Funds Multi Strategy Currency Fund.
Macro Group said the fund, which is Dublin-domiciled and Ucits-compliant, is the first currency vehicle to combine independent alpha and beta income streams in one product.
The firm added that the fund has been designed to reduce the asset allocation burden on investors looking to allocate across strategies and styles offering investors an “uncorrelated source of alpha whilst smoothing volatility and maximising risk-adjusted returns”.
Mark Farrington, portfolio manager and head of Macro Currency Group, said: “In recent years we have seen a shift towards ETFs designed to capture certain segments or themes of the market. This has placed the burden on investors to make multiple asset allocation decisions, something that not all investors are confident doing.
“The Multi Strategy Currency Fund has been launched with the intention that clients are able to make a single allocation to enhance their portfolios, accessing diversification across multiple factors within one vehicle.”