American fund manager focuses on FFAs

American fund manager focuses on FFAs

American fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focused on freight forward agreements (FFAs). The move will make FFAs more approachable for non-shipping people keen to invest in a sector that is widely tipped to be on an upward curve after many years of recession.

Breakwave Dry Bulk Shipping ETF is likely to start trading next month.

London’s Baltic Exchange, now owned by the Singapore Exchange, is also in the throws of developing a tradable instrument from the Baltic Dry Index. 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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