FAIRFIELD, Iowa, August 10, 2017 — Managed futures traders gained 0.64% in July according to the Barclay CTA Index compiled by BarclayHedge. The index is down 1.04% for the year.
The BTOP50 Index, which tracks 20 of the largest CTAs, showed a modest gain of 0.60% and is down 4.20% through the end of July.
“Managed futures traders were able to eke out gains last month in spite of the cross currents in commodity markets,” says Sol Waksman, founder and president of BarclayHedge. “Profits resulting from US dollar weakness against the euro and a new record high in the S&P 500 were enough to overcome losses from trend reversals in energy and agricultural products.”
All Sectors Record Gains
All of the six fund sub-indices measured by BarclayHedge recorded gains in July. Financials/Metals, which had been the worst performing sector in June, led the way with a gain of 0.85% while Currencies showed the smallest gains of 0.09%.
Year to date, Agricultural remains the best performing sector with a gain of 2.86%, while Diversified continues to lag all other sectors with a 3.23% decline.
"July was a solid but unspectacular month for what looks to be turning out to be an unspectacular year,” said Waksman. “Agricultural may be on its way to first up year since 2014, while Diversified is on track for losses three years in a row.”
Click here to view 37 years of Barclay CTA Index data.
Sol Waksman is the founder and president of BarclayHedge. Waksman is an industry expert and experienced media source, providing perspectives on hedge fund and managed futures trends.
BarclayHedge is the global leader in providing independent, research-based information services to the alternative investment industry. Founded in 1985, Barclay currently maintains data on more than 6,600 hedge funds, fund of funds, and CTAs. No one has been in the business of collecting alternative investment data longer than BarclayHedge.
Institutional investors, brokerage firms, and private banks worldwide utilize BarclayHedge indices as performance benchmarks for the hedge fund and managed futures industries.