Managed futures funds broke a two-month slump in November, posting a 1.38 per cent return for the month, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions.
For the year-to-date, CTAs were up 2.60 per cent through November.
“Positive Covid-19 vaccine news contributed to a historic month for equity markets. Rising prices in energy, base metals and crops combined to boost managed futures funds in November,” says Sol Waksman, president of BarclayHedge.
All sectors but one tracked in the Barclay CTA Indices were in the black for November. The Cryptocurrency Traders Index led the way among November’s gainers returning 27.89 per cent. Others in positive territory for the month were the Discretionary Traders Index, up 1.93 per cent, the Financial & Metal Traders Index, advancing 1.81 per cent, the Agricultural Traders Index, rising 1.61 per cent, the Diversified Traders Index, gaining 1.58 per cent, and the MPI Barclay Elite Systematic Traders Index, returning 1.57 per cent.
The lone sector losing ground in November was the Currency Traders Index, off 0.52 per cent.
Similarly, all sectors but one posted positive year-to-date returns through November. The MPI Barclay Elite Systematic Traders Index was the lone outlier, down 3.73 per cent.
Among those in positive territory for the year-to-date were the Cryptocurrency Traders Index, returning 127.35 per cent, the Agricultural Traders Index, gaining 12.38 per cent, the Discretionary Traders Index, up 6.35 per cent, the Currency Traders Index, returning 4.11 per cent, and the Diversified Traders Index, up 2.56 per cent for the year.
The Barclay BTOP50 Index, which tracks the performance of the largest CTAs that are still open for new investment, gained 2.64 per cent in November. For the year-to-date the BTOP50 was up 0.73 per cent.
