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Opalesque Industry Update - September saw all the Newedge managed futures indices continue the positive momentum seen in August, with positive returns posted across the board for the second month in a row. The strong post-summer period for CTAs means that the Newedge indices remain firmly in the black for 2014 YTD. Trend-following strategies continue to drive this positive performance, with strong gains yet again in September. The Newedge Trend Index returned +3.33% for the month, building on a +5.40% return in August, while the Newedge Trend Indicator posted its highest monthly gain since the index began in January 2000. It showed +16.66% for September, with 2014 YTD performance now standing at +18.13%. Newedge’s data shows that the currency sector was a significant contributor of positive performance in September, contributing +15.38%. The commodity sector also showed positive performance, building on the gains made in August to contribute +4.29% for the month, but remains in negative territory for 2014 YTD. James Skeggs, Global Head of Advisory Group at Newedge, said: “Contrary to the popular misconception, trend-following strategies are very much alive and are a significant reason for the positive CTA performance we have seen in 2014. Momentum is positive at present, and the volatility we’ve seen in markets – particularly in currencies – is providing more opportunities on which such strategies can capitalise.” Newedge is a global leader in multi-asset brokerage and clearing. Bg |
Industry Updates
Newedge CTA Index +1.92% in September, +6.02% YTD
Friday, October 10, 2014
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