NEWS
Horizons launches
Canada’s first Australian Currency ETF
+2:$5' $7.,1621
exchange traded fund, which offers investors direct access to foreign currency investing. The Australian Dollar (7) EHJDQ WUDGLQJ RQ WKH 7RURQWR 6WRFN ([FKDQJH -XO\ 20, 2011, under the symbol ASD. The Australian Dollar (7) VHHNV WR UHÁHFW WKH SULFH LQ &DQDGLDQ GROODUV RI WKH Australian dollar, net of expenses, by investing primarily in cash and cash equivalents that are denominated in the Australian dollar. ASD is structured as an ETF and therefore has all the characteristics of an ETF, including intraday liquidity, a low cost structure, and portfolio transparency. The Australian Dollar ETF will make monthly distributions of any income earned on the cash and cash equivalents it holds, net of fees and expenses.
+
“The Australian dollar has been one of the top performing FXUUHQFLHV RYHU WKH ODVW FRXSOH RI \HDUV EHQHÀWLQJ from attractive interest rates, the country’s rich natural resources and a close proximity to rapidly developing $VLDQ PDUNHWV µ VDLG +RZDUG $WNLQVRQ &(2 RI +RUL]RQV Exchange Traded Funds. With an annual management fee of only 0.45%, the Australian Dollar ETF provides a low cost method for investors to gain access to the Australian dollar. The Australian dollar has been particularly popular with foreign investors recently, since the Australian overnight lending rate is more than 4.50%, DFFRUGLQJ WR WKH 5HVHUYH %DQN RI $XVWUDOLD
RUL]RQV ([FKDQJH 7UDGHG )XQGV DQG %HWD3UR Management have announced the launch of the +RUL]RQV $XVWUDOLDQ 'ROODU &XUUHQF\ (7) DQ
RWC Partners to launch Macro Hedge Fund
R
WC Partners will launch the RWC Macro Fund at the end of October. Managed by Peter Allwright and Stuart Frost, the Fund will replicate the
Threadneedle Macro Trading Crescendo Fund for which WKH\ ZHUH SUHYLRXVO\ UHVSRQVLEOH %HWZHHQ 2FWREHU DQG -XQH
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this fund of over 15%. The RWC Macro Fund is a discretionary, macro trading strategy investing across liquid rate and currency markets. Equity indices and commodities will also be used to express the macro trading views of the team. Aiming for 15% annualised UHWXUQV WKH VWUDWHJ\ LV KLJKO\ OLTXLG DQG ÁH[LEOH RIIHULQJ an investment approach that can make good positive returns in a variety of market conditions. The fund is expected to launch with a minimum of $30m from Allwright and Frost’s previous investors. Offering monthly liquidity, with 15 days notice for redemptions, it is a highly liquid strategy. Macro remains one of the most enduring hedge fund strategies mainly due to its ability to generate returns through the cycle.
Commenting on the forthcoming ODXQFK 'DQ 0DQQL[ +HDG RI %XVLQHVV 'HYHORSPHQW 5:& Partners, said: “Following requests from investors who previously allocated to Peter and Stuart’s hedge fund we have decided to roll out the RWC Macro fund at the end of October. We believe the levels of transparency and liquidity that Peter and Stuart’s approach allows is particularly appealing for the current investment climate.”
'$1 0$11,;
tool which helps institutional traders to analyse their FX trading strategies and identify opportunities to improve performance. EQA offers insight into FX investment decisions and execution strategies and allows institutions to better understand how to achieve their best execution goals by reviewing results achieved using the multiple execution mechanisms and liquidity providers available on FXall. Phil Weisberg, CEO of FXall, comments: “We have developed EQA over the past 12 months and in
06 Currency Investor | Autumn 2011
FXall launches Execution Quality Analysis reports E
lectronic FX platform provider FXall has announced the launch of Execution Quality Analysis (EQA) reports, an advanced analysis
consultation with our clients. These reports help institutions to meet execution goals and satisfy requirements around the evaluation and benchmarking of trading and execution performance. As an execution partner, we are committed to helping our clients achieve best execution through an unrivalled choice of execution venues and liquidity providers.”
3+,/ :(,6%(5*
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