Basket includes crude oil, gold, Hong Kong and India equities.
Launching today, the fund is linked to a basket of 10 of the terrritory''s blue chips.
Its modest $27 million allows the industry to reverse retail net redemptions in authorized hedge funds.
China Southern is waiting for CSRC''s blessing, but how do you make a principal guarantee without a derivatives market?
Barclays Capital assumes the risk with a variable allocation rate.
Or, more accurately, it is a bet against volatility on the Kospi 200.