Robert Frank identifies yet another iteration of the collectible fund:

The latest entrant is the Classic Car Fund, managed by the Count of Custoza Family Office Ltd Zurich/Switzerland. The website is filled with drool-inducing photos of vintage Ferraris and Bugattis and praise for the eternal value of old, finely-crafted autos. Its board includes several European car collectors, auctioneers and a historian.

The fund’s prospectus is in German, so good luck trying to read it. But a fact sheet on the company’s web shows that old Ferraris won’t be its only investments. The site says “the fund will, under normal circumstances, invest between 20% and 100% of the total assets in Classic cars,” and that the “Investment Manager has the possibility to reduce the weight to zero.”

The fund also will invest in auto stocks “and closely related industries” as well as commodities. The fund also may invest in “derivatives and futures, which may be designed for hedging purposes.”

Would You Invest in a Ferrari Fund? (Wall Street Journal)