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Barclay CTA Index gains 0.63 per cent in June

Managed futures gained 0.63 per cent in June, according to the Barclay CTA Index compiled by BarclayHedge.

The index is now up 0.65 per cent at mid-year.
 
“The US Federal Reserve and Bank of England announced that interest rates will be rising soon, while the European Central Bank reaffirmed its commitment to low interest rates, creating cross-currents in equity, fixed income, and currency markets,” says Sol Waksman, founder and president of BarclayHedge. “Approximately two-thirds of CTAs were still able to successfully navigate their way to a profitable month.”
 
Seven of Barclay’s eight CTA indices had gains in June. The Agricultural Traders Index was up 1.30 per cent, Diversified Traders gained 0.82 per cent, Systematic Traders were up 0.81 per cent, Financial & Metals Traders gained 0.35 per cent, and Discretionary Traders added 0.20 per cent.
 
“CTAs, on balance, were also able to squeeze out profits from divergent trends in the commodity markets. Crude oil prices increased as instability in the Middle East made the headlines, while prices for wheat and corn were sharply lower due to favourable growing conditions in the US,” says Waksman.
 
The Barclay BTOP50 Index, which measures performance of the largest CTAs, gained 0.15 per cent in June.
 
Agricultural Traders have returned 1.61 per cent in 2014, the Systematic Traders Index is up 0.90 per cent, Diversified Traders have gained 0.72 per cent, and Discretionary Traders are up 0.35 per cent.
 
On the losing side, Currency Traders are down 2.05 per cent for the year, and Financial & Metals Traders have lost 0.70 per cent.

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