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Barclay CTA Index inches up 0.01 per cent in July

Mon, 25/08/2014 - 16:00

Managed futures inched up 0.01 per cent in July, according to the Barclay CTA Index compiled by BarclayHedge.

Year to date, the index has gained 0.69 per cent.
“Market concerns that the Federal Reserve may raise US interest rates sooner than anticipated drove investors to sell risk assets,” says Sol Waksman, founder and president of BarclayHedge. “Equity prices declined, global bond yields fell, commodity prices were down, and the US dollar strengthened."
Three of Barclay’s CTA indices had gains in July, which were offset by losses in three other indices. The Agricultural Traders Index jumped 5.69 per cent, Discretionary Traders gained 1.46 per cent, and Currency Traders were up 0.32 per cent.
Financial & Metals Traders lost 0.25 per cent in July, Diversified Traders were down 0.12 per cent, and Systematic Traders gave up 0.05 per cent.
“Commodity markets were down on the month, led by the agriculture and petroleum markets, even as tensions rose in the Middle East and Ukraine,” says Waksman.
The Barclay BTOP50 Index, which measures performance of the largest CTAs, lost 0.77 per cent in July.
Year to date, Agricultural Traders lead all managed futures strategies with a 7.45 per cent return. Discretionary Traders are up 1.93 per cent, and Systematic Traders have gained 0.90 per cent.
The Barclay Currency Traders Index has lost 1.44 per cent in 2014, and Financial & Metals Traders are down 0.97 per cent.

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