Parkstone Launches Spread Betting Service

Parkstone Asset Managementwill launch a discretionary service based on an underlying spread betting strategy,Citywirereports. The firm is aiming to achieve a 12% return per annum through individually managed portfolios of spread bets.

The underlying spread betting investment strategy will be similar to the one employed for theParkstone Tracker U.K. Managed Alpha. The strategy focuses on well-traded liquid assets and currently has exposure to the富时,S&P 500,Daxand can seek exposure to government bonds. Parkstone founder,Stephen Dolbear, has invested £1 million in the service.

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