Gam and Barclays Capital have joined forces to launch a Ucits fund of quantitative indices with the aim of delivering consistent non-correlated returns in any market environment.
The Gam Star Barclays Dynamic Multi-Index Allocation Fund has received approval from the Irish regulator and is dedicated to investors "seeking the benefits of actively managed, multi-strategy, multi-asset investments", Gam said.
The fund is managed using active, discretionary allocations across a range of BarCap indices and can invest in different indices to reflect changing market dynamics.
As a Ucits IV vehicle, it is hoped the fund will be launched in various European markets as the respective regulators give approval.
BarCap has more than 4,000 investable indices across a range of regions, sectors and asset classes and the investment in such indices is designed to complement investors' portfolio allocation to alternatives.
Craig Wallis, global head of institutional and fund distribution at Gam, said: "The alternatives market has evolved as clients seek to access alternative strategies in a liquid format. The Gam Star Barclays Dynamic Multi-Index Allocation Fund partners Gam's experience in active and discretionary management with Barclay's Capital's extensive development of indices to meet this client demand."