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Managed futures report another month of gains in August

Thursday, September 17, 2020
Opalesque Industry Update - Managed futures funds turned in another positive month in August returning 0.18%, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date, CTAs were up 2.73% through August.

"The S&P 500 extended its on-going rally to five months, prices for energy and precious metals rose and the US dollar continued to weaken against most currencies," said Sol Waksman, president of BarclayHedge. "Other futures markets were not as accommodating as evidenced by an even split on the month between winning and losing funds."

Sectors making up the Barclay CTA Indices were also evenly split for August. Those in the black were led by the Cryptocurrency Traders Index which was up 14.15%. The Agricultural Traders Index gained 0.72% in August, the Discretionary Traders Index was up 0.68% and the Diversified Traders Index returned 0.28%.

On the other side of the ledger, sectors in the red for August included the MPI Barclay Elite Systematic Traders Index which was down 0.97%, the Currency Traders Index which was off 0.65%, the Financial & Metals Traders Index losing 0.38% and the Systematic Traders Index which lost 0.14%.

All but one of the sectors tracked remained in positive territory for the year-to-date. The Cryptocurrency Traders Index led the way returning 79.95%, while the Agricultural Traders Index gained 9.55%, the Currency Traders Index was up 5.13% and the Discretionary Traders Index returned 4.73%.

The MPI Barclay Elite Systematic Traders Index remained the lone sector in the red year-to-date, down 3.82% through August.

The Barclay BTOP50 Index, which tracks the performance of the largest CTAs that are still open for new investment, was down 0.11% in August. Year-to-date, the BTOP50 was up 0.04%.

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