View more on these topics

Marshall Wace set to enter ETF market

Marshall Wace is set to launch a publicly listed exchange traded fund to track its Tops fund strategy.

According to reports, the vehicle will be listed on both the London and Frankfurt exchanges and will look to raise in excess of £300m. The fund will track the holdings of the six existing Marshall Wace Top hedge fund strategies.

The launch is seen as a way to rebuild the European hedge fund’s asset base, which has fallen from £9.7bn in early 2008 to £3.1bn. Marshall Wace expects the ETF to return 8 to 10 per cent per annum.

In addition to the 0.25 per cent running cost of the ETF, the underlying structure has a 1.5 per cent annual charge and a 20 per cent performance fee.

The traded optimised portfolio system strategy was formed in 2001 by Anthony Clarke and Ian Wace, the co-founder of the firm. The system takes buy and sell recommendations from hundreds of brokers on a daily basis.


Annuity Income Data

Click here to download December’s Annuity Income data graphs


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm