The firm said the fund is designed to replicate its managed futures trading strategy - Diversified Program - which employs a trend-following strategy.

"One of the many benefits of CTA/managed futures is their ability to act as a diversifier within a portfolio due to their non-correlation to traditional types of investments," said Darran Goodwin, head of trading and manager of the fund. "This allows the investment advisor to lower portfolio volatility and therefore enhance risk-adjusted returns over the long term."

The portfolio will include long and short positions in equities indices, bonds, currencies and commodities. EEA said the programme’s asset allocation typically has a bias towards commodity markets, in contrast to other CTA trading strategies that are often weighted towards financial markets.

The fund is compatible with ISA and SIPP wrappers and is open to retail and institutional investors. The Retail Distribution Review-compliant retail A share class has a minimum investment requirement of £5,000 (about $8,000).