Source offers a Passive Alternative to Hedge Fund Investment

Jun 21 2011

London, 20th September 2010: Source now offers a truly passive approach to alternative investment, with the launch of two ETFs tracking the Merrill Lynch Factor Model strategy. This strategy, developed by BofA Merrill Lynch, aims to generate similar performance to funds-of-funds without investing directly in hedge funds. Instead, the Model uses a portfolio of six liquid and well-known market indices to replicate the global performance of hedge funds. The BofAML Hedge Fund Factor Source ETFs are available in US Dollars and Euro and will be listed on the London Stock Exchange and Xetra respectively. They are highly