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From the Opalesque team:
GAIA Capital Advisors’ two main funds, the GAIA World Agri Fund and GAIA Resources Fund showed mixed results in April as the agriculture fund returned -0.98% (13.02% YTD) and the resources fund posted 1.72% (11.6% YTD). Both funds are well positioned to benefit from the current stimulus packages, which are, according to GAIA’s managers, good for natural resources including agriculture.
Stimulus packages also good for agriculture
In a monthly fund report for April, GAIA Capital Advisors, an investment advisory company based in Geneva, said of the World Agri Fund, that it had noted a slight recovery in spot prices for some main agriculture staples, which however remained weak YTD. On the equity side, performance was generally sideways and there was a lack of major events concerning the main agriculture sector.
The fund invests opportunistically in upstream farming operations, agri-land, equipment and technology and related businesses in emerging regions.
Because of the anticipated strong harvests in Brazil and Argentina, the fund forecasted no major movement in wheat prices in the near term. The fund is also bearish on soybeans due to the expected large harvest in the U.S. this autumn. Pressure from the strengthening U.S. dollar and the deteriorating market fundamentals saw the prices of sugar fall during the month. The managers also focused on Ukraine, which saw a number of n...................... To view our full article Click here
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