Way Group and Hasley Investment Management are unveiling a range of funds using exchange-traded funds and cash, Financial Times reports. The firms are awaiting approval from the Financial Services Authority (FSA).

The Way Group will be the authorized firm, while Hasley will manage the funds as per the proposals. The firms will formally launch the Global Momentum fund combining 15 ETFs with low management fees in February 2011 after getting the FSA approval.

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