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Barclay CTA Index gains 0.19 per cent in February

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Managed futures gained 0.19 per cent in February, according to the Barclay CTA Index compiled by BarclayHedge.

“Although commodity indexes gained nearly 3.5 per cent in February, the profits for CTAs came largely from the financial markets,” says Sol Waksman, founder and president of BarclayHedge. “US and Asian equity markets overcame Greek jitters early in February and rallied nicely through month-end.”

The Barclay BTOP50 Index, which monitors performance of the largest managed futures funds, outperformed all other sectors, gaining 0.72 per cent in February.

“The largest traders, based on liquidity considerations, tend to have higher percentage exposures to financial markets than the smaller traders,” says Waksman. “That worked in their favour as financial markets gained strength in February.”

Six of Barclay’s eight managed futures indices had gains in February. The Barclay Financial & Metals Traders Index was up 0.59 per cent, currency traders gained 0.46 per cent, and discretionary traders rose 0.11 per cent.

Although the Barclay Agricultural Traders Index lost 1.70 per cent in February, the index is still up 1.68 per cent for the year after a strong 3.44 per cent gain in January.

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