Premier set to target financials and commodities with new Fof vehicle

Group aims to beat cash deposits over the long term by using two US futures portfolios

Premier Investment Funds is launching a fund of funds, investing in financial and commodities futures. The open-ended Premier Managed Futures fund closes to new money on 22 April and has its first monthly dealing on 1 May. It aims to beat cash defined as bank and building society deposits over the long term and will initially hold positions in two US futures funds, 70% in Millburn Multi Markets and 30% in Millburn Commodity fund. Premier IF hopes to raise £500,000 in time for its first deal and £10m in its first year of trading. It has a minimum buy in of £25,000. According to Millb...