Trendfollowing on Currencies

I have been waiting for a mutual fund or ETF/N to come out on some other currency indexes other than carry, and value and momentum/trend are the two obvious ones.

Below is some info on the FX Trends Index from Alpha Financial Technologies (cousin of the DTI and CTI which have been getting pounded lately).  Hopefully a service provider will launch with one of these funds shortly.

FX Trends Index Fact Sheet