FFCM will start trading the new QuantShares U.S. Market Neutral Momentum Fund on September 7, ETF Daily News reports. The fund will invest at least 80 percent of its net assets in common stock, including the short positions, in its benchmark U.S. Market Neutral Momentum Index. The fund, whose investment adviser is FFCM, is likely to invest up to 20 percent of its total assets in instruments other than the long and short positions in the index. The instruments may include long and short common stocks not in the index, derivatives, including swap agreements based on the index, and futures contracts on equity indexes as well as money market instruments.

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