Castlestone Management’s Collection of Modern Art Fund has teamed up with Art Market Research to create a post-war art index, according to MoneyMarketing.com in the UK. The index tracks prices on 50 artists–presumably the same 50 artists that the CoMA Fund holds–using prices going back to 1985. Castlestone’s Angus Murray has emphasized in his interviews and marketing that he hopes to provide investors with a tool to diversify their assets. A theme echoed by the CoMA Fund’s Constanze Kubern:

“We are creating, in a sense, the world’s first passive art investment tracker fund, focusing on the post-war genre. We intend to hold representative pieces from all the artists listed in the index in order to mimic its performance. We hope that this will give investors more confidence that art, and our fund, is an investable, analysable asset class, just like any other.”

New Post-war Art Investment Index Launches (Moneymarkting.com)