Launches & Closures Wrappers / Structures

Neptune launches novel long/short sector fund under UCITS


Neptune Investment Management will launch a new directional long/short sector fund on 1 November, believed to be the first to use basket swaps at a global sector level. The UCITS-compliant Neptune Global Long/Short Sector Fund will draw on the proprietary global sector research process that is central to the management of all the firm’s other funds.

The new fund will invest across all major sectors, each of which will be represented by a basket of between 20 and 50 large and liquid stocks that are correlated with global sector indices. The exposures taken by the fund to each