CMCMarkets launches ‘Signature’ share basket CFDs

CFD broker CMCMarkets has announced that it is again extending its range of unique index products with the launch of signature share baskets. Designed in conjunction with industry experts, signature baskets are constructed by applying complex investment methodologies to highlight constituents which share common price behaviour, rather than just focusing on industry sector, geography or size.

The first set of these signature baskets are based on Relative Rotation Graphs, which identify those stocks which are exhibiting positive momentum when compared to their benchmark indices. By purposely avoiding stocks which are seen to be underperforming, back testing has shown that the strategy historically outperformed the wider market.

Ed Gotham, Head of Growth at CMCMarkets, commented:

“We have developed these unique signature share baskets in conjunction with recognized market experts to allow our clients to follow a specific trading methodology. We know they are always keen to explore new opportunities and the early response to these baskets, designed to focus on strong relative momentum stocks from a range of equity indices, has already been encouraging.”

Julius de Kempenaer of RRG Research added:

“Products like this are designed to offer another layer of flexibility and recognize the increasingly sophisticated needs of CMC‘s clients. They understand that investment professionals have no shortage of portfolio methodologies at their disposal, so this addition means we are able to provide yet another genuine innovation for those using CMC’s trading platform.”

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