Barclays unveils funds of ETFs

The new Global Markets series comprises five portfolios designed to suit different investor profiles, from the risk averse to those seeking higher returns by taking on greater volatility. The portfolios will invest in assets including equities, bonds, cash, commercial property, commodities and alternative trading strategies. Although ETFs will serve as the underlying investment vehicles providing exposure to these asset classes, Barclays says the portfolios should not be dubbed as purely "passive" holdings. The portfolios are constructed using strategic asset allocation, driven by ...