View more on these topics

Privalto launches tracker

BNP Paribas Privalto UK today launches a fund that will track its own Millenium Index.

The Privalto Millenium Tracker fund, a Ucits III Oeic, is linked to the performance of the BNP Paribas Millenium 10 Europe Series 3 (sterling hedged) Total Return index (the Millenium index).

According to Privalto, the index is spread across a range of liquid assets including American, Asian, European and Japanese equities, commodities, real estate and foreign exchange. Given the funds ability to short many of these assets, the group says it should be able to perform in rising and falling markets.

The retail share class carries an initial 4% initial fee and an annual management fee of 1.5%. Minimum investment is 1,000.

Recommended

FTSE hits 4-month high

The FTSE 100 opened higher today with banking stocks pushing the index to its highest intraday level since mid-January.

B&B appoints new MD

Bradford & Bingley has revealed that Richard Banks has been appointed as managing director.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com