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CTA performance bounces back in June

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Following a slight dip in May, CTAs bounced back last month, with all of Societe Generale’s SG CTA indices reporting positive performance. 

The SG CTA Index was up +2.45 per cent and built on earlier positive returns to +4.72% YTD. Trend followers led performance as the Index was up +2.75 per cent and +7.43 per cent YTD. Short-term strategies also benefitted from the strong performance in June as the Index was up +2.03 per cent and is now in positive territory for the year.
Trend followers’ gains in June were driven by equity markets and bonds, with the extension of strong upward trends. Commodity markets were more mixed, as the upward trends in gold were offset by market reversals from downward trends in energy markets such as crude oil. Overall, the bond sector has contributed the largest gains to trend followers for the year at +11.57 per cent YTD.
Tom Wrobel (pictured), Director of Alternative Investments Consulting, at Societe Generale Prime Services, says: “After a slightly challenging May, it’s good to see CTAs recover and report an uptick in performance. Trend followers have had a strong year thus far, particularly driven by the bond sector’s positive contributions. We will keenly observe if this continues in the second half of the year.”

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