Deutsche Bank and Lynx Asset Management have launched a UCITS version of the Lynx fund, continuing the proliferation of such vehicles in recent times.

The DB Platinum IV Lynx Index fund is managed by Lynx, which itself is part of Brummer & Partners group in Stockholm. Running the fund, which currently has $3.3 billion in assets, are Jonas Bengtsson, Svante Bergström and Martin Sandquist.

Bergström said in a statement that the launch of a UCITS version of its flagship fund is an important step in the firm’s efforts to reach out to a new investor base. The UCITS regime is designed mainly to allow funds to be bought and sold across European state borders. Additionally, unlike traditional long-only funds, UCITS vehicles give managers greater freedom to use instruments such as derivatives, and as such are enticing more retail-like investors into the alternatives space.

A recent survey by ML Capital Asset Management, the investment manager and promoter of the MontLake UCITS platform, found that there is now strong demand for most traditional hedge fund strategies in a UCITS format. The firm, which predicts that most of the "UCITS-able" hedge fund strategies will see large inflows in the coming months, has singled out global discretionary macro strategies to lead the way in terms of inflows.