Funds

Managers have welcomed Treasury proposals to relax the rules governing VCT and EIS investment.

Investors in exchange-listed hedge funds should expect higher returns than for unlisted funds to compensate them for the extra risks they are taking.

HSBC is set to launch its Japanese equity ETF tomorrow, tracking the MSCI Japan index.

ETF Securities (ETFS) has listed a fund tracking commodity three month forward contracts on the London Stock Exchange.

The Treasury is considering relaxing the rules which govern VCT investment.

The Government has announced a consultation into the tax regime for investment trusts which will include rules on direct property investment.

HSBC is to launch its Japanese equity ETF tomorrow, which will track the MSCI Japan Index.

ViCTory VCT has appointed Paul Jourdan's Amati Global Investors as its new fund manager, replacing Williams de Broe.

Baillie Gifford's Mike Gush has increased exposure to India in the £119m Pacific Horizon investment trust after becoming bullish on the country's economic growth prospects.

Group files with US Securities and Exchange Commission to release index-based funds and actively managed ETFs