The product is a new offering from BT that aims to fill a gap in the retail market for an alpha/beta separation product.
The fund is a purer global macro offering that does not take large intra and inter-sector bets between asset classes in the way tactical asset allocation strategies do.
The product is a diversified offering that aims to generate alpha from market-neutral top-down strategies using an active management approach.
Returns will be generated from identifying security mispricing across bonds, stocks and currencies.
The fund is managed as an absolute return strategy and uses a single-manager, multi-strategy approach in its portfolio construction.
"S&P feels that the team is appropriately qualified with the requisite programming and quantitative knowledge to run such a product," S&P fund analyst Simon Scott said.
"The strategy is quantitatively based, but further filters and qualitative overlays are applied to the mode's output."
