SunAmerica Asset Management has launched the SunAmerica Global Trends Fund, a fund sub-advised by Wellington Management and that combines 10 global asset classes with a rules-based asset allocation strategy that seeks to move in and out of changing markets.

The fund will invest primarily in futures contracts and also use technical analysis. It will have between 0% and 10% exposure to each of the global asset classes.

“One of the greatest challenges for investors is deciding when to move in and out of changing markets,” said Steve Magnin, chief distribution officer of SunAmerica. “With the SunAmerica Global Trends Fund, investors can leave these tough decisions to professional managers. The fund’s unique rules-based process eliminates the need for investors to make difficult buy and sell decisions because the fund actively manages the decisions for them.”

Rick Wurster, a portfolio manager with Wellington, added: “Many mutual funds are actively managed using fundamental analysis that focuses on the intrinsic value of a security or market. However, only a few use technical analysis to determine exposures to such a diverse group of global markets.”