Rebounding equity and energy markets caught some in the managed futures industry on the wrong foot in June, leading the CTA industry to a 0.22% monthly loss, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. Year-to-date CTAs were up 1.04% through the end of June.
“As economies reopened from COVID-19 shutdowns, equity markets continued to recover while energy prices bounced back,” said Sol Waksman, president of BarclayHedge. “That environment challenged some longer-term trend followers who weren’t able to move as quickly as market conditions changed.”
CTA sectors were evenly split between gainers and losers in June. Among those on the plus side of the ledger were the Agricultural Traders Index, up 1.64%, the Discretionary Traders Index, gaining 0.73%, the Currency Traders Index, posting a 0.43% return, and the Financial & Metals Traders Index, up 0.10%.
Sectors in the red for June were led by the Cryptocurrency Traders Index, down 3.14%. Others losing ground in June were the MPI Barclay Elite Systematic Traders Index, off 1.26%, the Diversified Traders Index, down 0.77%, and the Systematic Traders Index, losing 0.53%.
The MPI Barclay Elite Systematic Traders Index remained in the red year-to-date as June ended, off 5.46%.
Leading year-to-date gainers included the Cryptocurrency Traders Index, up 20.13%, the Agricultural Traders Index, gaining 6.85%, the Currency Traders Index, returning 5.30% on the year, and the Discretionary Traders Index, posting a 2.54% gain.
The Barclay BTOP50 Index, which tracks the performance of the largest CTAs that are still open for new investment, was down 0.55% in June. For the year-to-date the BTOP 50 was down 2.87%.
For a complete table of Barclay CTA Index results as well as historical data, click here.
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Backstop’s mission is to help the institutional investment industry use time to its fullest potential. We develop technology to simplify and streamline otherwise time-consuming tasks and processes, enabling our clients to quickly and easily access, share, and manage the knowledge that’s critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds and real estate investment firms.
BarclayHedge, a division of Backstop, currently maintains data on more than 7,100 hedge funds, funds of funds and CTAs. The BarclayHedge Indices are utilized by institutional investors, brokerage firms and private banks worldwide as performance benchmarks for the hedge fund and managed futures industries.
BarclayHedge division of Backstop Solutions Group