Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

FTSE Hedge Is Live

Date 21/07/2004

FTSE Hedge, the innovative new index that captures the investable opportunity set in global hedge funds, is now live.

The opening index value is based on the net asset values (NAVs) of the hedge fund constituents on 31 May 2004. A five-year back history for the index is also available.

FTSE Hedge can be invested in directly via a fund of funds platform, managed by MSS Fund Management Limited, named FTSEhx. More information about MSS and FTSEhx can be found at www.msscapital.com. A range of further financial products based on FTSE Hedge, is also expected to be launched by leading global institutions in the coming months.

More information about FTSE Hedge index including methodology, daily index values and information about FTSE Hedge constituents can be found at www.ftse.com/hedge.