CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Bermuda Firm Launches DIY Investment Vehicle

Bermuda Firm Launches DIY Investment Vehicle, New York

06 November 2001

Bermuda-based Invesdex Ltd has announced the launch of MarketPlus, a next-generation, over-the-counter (OTC) investment vehicle that facilitates active asset allocation and hedging strategies. A powerful alternative to index mutual funds, exchange-traded funds (ETFs) and futures, MarketPlus is designed for fund managers, financial advisers and qualified self-directed investors. MarketPlus is a fully paid, limited liability investment contract that features an easy-to-use web-based interface, similar to an online trading account. Major investors include Bank of Butterfield and the Centre Group, wholly owned by Zurich Financial Services.

"We are very pleased to introduce MarketPlus as an exciting alternative for active investors seeking a highly flexible and globally diversifiable investment instrument," said Valere Costello, president and CEO of Invesdex. "It provides access to futures-linked financial and commodity assets, without the risk of unlimited liability and complications of contract rollovers. Further, many investors have investment guidelines that prohibit them from investing in futures; MarketPlus solves that problem."

Available to accredited investors, MarketPlus is accessible online through the Invesdex web site at It offers a diverse selection of assets, including the major world equity indices-such as the S&P 500, Nasdaq100, FT-SE 100, Hang Seng and industrial sectors-as well as other fixed income and commodity asset categories, including U.S. Treasuries, gold and crude oil. As often as every half-hour, investors can custom-link their contract to the performance of any combination of these assets and choose direct (long) or inverse exposures, as well as up to three-to-one gearing. Importantly, MarketPlus is a non-recourse instrument, so investors cannot lose more than their investment.

According to Robert Champion, the chairman and co-founder of Invesdex, current market conditions underscore the need for this kind of instrument: "Not only is MarketPlus an excellent vehicle for portfolio diversification, it also is particularly well suited for bearish and trading-range markets. Unless you have the capital, sophistication, and capability to trade directly in the futures markets, you will not find another vehicle that combines the same level of flexibility and efficiency."

MarketPlus Contracts are offered by Invesdex Capital Ltd (ICL). ICL's liabilities to MarketPlus investors are 100 percent collateralized by liquid assets held by Butterfield Trust, the Trust subsidiary of A-rated Bank of Butterfield. "We are very pleased to be associated with Invesdex," said Calum Johnston, president and CEO of the Bank of Butterfield. "MarketPlus will be an exciting alternative for our sophisticated clients who have been seeking a better way to manage their broad-based investment portfolios."

"MarketPlus is a unique investment platform that combines technological innovation and functionality," said Paul Hellmers, president and CEO of Centre Solutions (Bermuda) Limited. "We chose to partner with Invesdex because we believe MarketPlus delivers an easy-to-use, cost efficient product that addresses the needs of investors looking to flexibly access and manage investments in a number of broad market indices."

Invesdex chose to incorporate in Bermuda because of the Island's pristine reputation as well as its advanced telecommunications and professional services infrastructure. Bermuda is also one of the world's premier insurance capitals and, increasingly, home to many entrepreneurial financial services companies that seek to leverage the global reach of the Internet.

This initial launch of MarketPlus is the first in a series of announcements to be made over the next several months. "This instrument has been designed to evolve with our investors' needs," said Costello. "New features and asset categories will be added regularly through subsequent releases as we enhance the flexibility of MarketPlus."

Invesdex Ltd, incorporated in 1999, is an innovative financial services firm that offers specialized products and services to fund managers, investment advisors, and qualified investors around the world. Invesdex is the exclusive marketing and licencing agent for Invesdex Capital Ltd, the offeror of MarketPlus-a new OTC derivative that investors custom-index to the performance of one or more futures-linked assets.

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »