Sun, Aug 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque Futures Intelligence

Managed Futures Index Spotlight

Tuesday, September 17, 2013

iSTOXX Efficient Capital Managed Futures 20 Index

The iSTOXX Efficient Capital Managed Futures 20 Index was down -1.78% in August. All four styles were negative on the month with FX programs struggling the most, generating a loss of -3.0%. Long term, global macro and short term managers posted losses of -2.3%, -1.1% and -0.8% respectively. Markets were initially driven by tapering concerns in the U.S. but focus quickly shifted to the escalating conflict in Syria over the latter portion of the month as fears of a potential US military action drove risk aversion. After posting new all-time highs early in the month, the S&P suffered sharp losses and posted its worst monthly return in over a year. Yields in the U.S. rose steadily with continued expectations that the FED would soon taper its monthly asset purchases. Divergence among central bank policies drove the U.S. dollar higher against most currencies, particularly against those of emerging markets. Commodity markets rallied throughout the month led by gains in soybeans and brent oil as dry weather in North America and increased geopolitical risk in the Middle East drove markets higher. Year-to-date, the index is down -2.88% with only 6 of the managers positive and all four styles in negative territory.

iSTOXX® Efficient Capital® Managed Futures 20 Index • January 2001 through August 2013

The index sponsor, STOXX Limited, Switzerland, does not promote any financial instruments which reference to the iSTOXX® Efficient Capital® Managed Futures 20 Index.

Past results are not necessarily indicative of future results. This is not a solicitation for investment and does not describe all associated risks. Opinions expressed are Efficient Capital's and Opalesque's opinions only



 
This article was published in Opalesque Futures Intelligence.
Opalesque Futures Intelligence
Opalesque Futures Intelligence
Opalesque Futures Intelligence
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new