AA-Partners, Ltd Launches New Life Settlement Index.ZURICH, Switzerland -- "The US secondary market for traded life insurance policies has reached a respectable size and matured significantly over the last decade. Given this trend a broad range of products have been developed and launched offering investors access to life settlements as an alternative asset class, however, investors have thus far lacked a reliable benchmark which reflects the performance of the various funds dedicated to this market. This issue has been solved with the launch of the AAP AAP - Association of American Publishers Life Settlement Index," says Beat Hess Hess , Walter Rudolf 1881-1973. Swiss physiologist. He shared a 1949 Nobel Prize for his research on the brain's control of the body. , Managing Partner of AA-Partners Ltd. Reasonable index composition The AAP Life Settlement Index was developed to provide investors a transparent, representative benchmark of different investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company that are majority invested in the area of traded US life insurance policies. The index is constructed and calculated following clear rules. Along the lines of other well known indices in the area of non-traditional investment strategies, the AAP Life Settlement Index reflects the performance of the according fund universe. A fund qualifies for the index if it meets ALL of the following conditions:
(a) <
The fund follows a strategy in the area of traded US life insurance
<
contracts. The part of other strategies in the portfolio is
<
permanently smaller than 25% of the fund volume.
(b) <
The fund is open-ended, which means it accepts new investors and
<
allows redemptions. Funds with a soft-closing or restricted
<
liquidity for the investors still qualify for the index.
(c) <
Subscriptions can be made at least quarterly.
(d) <
Redemptions can be made at least quarterly.
(e) <
The fund calculates monthly a NAV in USD and the NAV is publicly
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available or is provided for the calculation of the index.
(f) <
The fund is not US domiciled.
(g) <
The fund is not a fund of funds. The fraction of open-end or
<
closed-end funds is persistently smaller than 33%.
Index calculation The AAP Life Settlement Index is calculated using the NAV See navigation system and navigation bar. of the index components. The index components are equally weighted as per each calculation date. The index is calculated in USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and starts with a value of 100 as per the end of December 2006. If a new fund is enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. , the historic index values will not be recalculated using the historic performance data of the new fund. The same is true if a fund is excluded from the index; the historic index values will not be recalculated without this fund. The AAP Life Settlement Index is calculated by Structured Solutions, AG and is fed into Reuters and Bloomberg. AA-Partners, Ltd acts as index advisor. The index has the following codes: Bloomberg Code: AAPLIFE; Reuters Code: .AAPLIFESETTLEM; ISIN: DE000A0X7H31; WKN: A0X7H3. Information with regards to the index is available with AA-Partners, Ltd (http://www.aa-partners.ch) or with Structured Solutions, AG (http://www.structured-solutions.eu/aap-life-settlement-index.html). About AA-Partners Ltd AA-Partners, Ltd (AAP) is a Zurich, Switzerland based independent investment boutique investment boutique A relatively small, specialized brokerage company. Also called boutique. . AAP is specialised Adj. 1. specialised - developed or designed for a special activity or function; "a specialized tool" specialized specific - (sometimes followed by `to') applying to or characterized by or distinguishing something particular or special or unique; "rules with on wealth and fund of funds Fund of Funds A mutual fund that invests in other mutual funds. Notes: For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers. management with open-ended funds which follow a strategy in the area of traded life insurance policies. About Structured Solutions AG Structured Solutions, AG is an integrated service provider in the derivatives derivatives In finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset. business located in Frankfurt. The company's main activities are indexing and structuring services for institutional clients. |
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