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Index Tracks Secondary Life Funds

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A Swiss company has developed an index of U.S. investment funds that invest mainly in life settlement agreements.

AA Partners Ltd., Zurich, says the AAP Life Settlement Index will draw on the returns reported by funds that invest mostly in traded U.S. life insurance policies.

The index will include funds that keep at least 75% of their trading volume in life settlement assets and will be based on a calculation of the fund’s net asset value, using a standard based on 100 points as of the end of 2006.

The AAP Life Settlement Index will be calculated by Structured Solutions A.G., Frankfurt, Germany, AA Partners says.