Barclays Wealth launches two FTSE-linked funds

Barclays Wealth has added two long-short funds into the intermediary market, linked to the performance of the FTSE 100.

As first revealed by Investment Week, the IFSL FTSE 100 trend fund will allocate between strategy and cash based on the direction of the market and levels of volatility. The portfolio will be structured as an OEIC and benchmarked against its own FTSE 100 Total Return index. It will seek to post stable positive returns shorting positions when the market is lagging its long-run average. The fund will cut market exposure to smooth returns during periods of higher volatility. It is targeting a volatility range between 6% and 10%. It will move into cash if returns drop by 2.5% and re...