Opalesque Industry Update - The Newedge Commodity Trading Index and its sub-components posted strong returns in July. The top year-to-date performer remains the Newedge Commodity Trading Index (Equity), which led all indexes with a 2.12% return in July and is up 13.48% over the seven month period.|
Conversely, short-term strategies, as represented by the Newedge Short-Term Trading Index struggled, finishing the month down 1.58%.
Performance of the Newedge CTA and Newedge Trend Indices were slightly negative in July. Year-to-date performance is near flat, falling from April highs.
Commenting on the July performance data, Ryan Duncan, Global co-head of Newedge’s Advisory Group for Alternative Investment Solutions, said: “While performance for the Newedge Indices overall were mixed following a difficult June, commodity hedge funds, as represented by the Newedge Commodity Index, showed consistent growth.”