BlueCrest Ucits fund to be liquidated due to tracking error

Sources say Ucits constraints prevent the fund from properly tracking new opportunities in bonds and commodities


Merrill Lynch Investment Solutions surprised shareholders of the BlueTrend Ucits fund last week by revealing its intent to liquidate the fund - which is up 11.69% so far this year - citing an expected widening in the tracking error. Sources close to the situation suggest the widening would result from opportunities in commodities and fixed-income markets that the flagship BlueTrend fund will seek to capitalise on, which can't be fully replicated within the constraints of a Ucits fund.

The fund

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here