Newedge Commodity CTA Index Crosses 20% in Year-to-Date Performance
by
Adil Siddiqui
Investors in the commodity markets benefited from strong returns as Newedge’s CTA index reported strong performance data for the month of October. Funds were up 1.76 during the month, and 20.23% YTD.
Leading financial services firm, Newedge, has reported its commodity CTA performance data for October. Overall results were in the green as managers embraced the recent tide in global markets. The firm saw a sharp U-turn in trend following strategies contributing the most to the increase in performance. Newedge’s Trend Index returned +1.76% for the month, in addition, the Newedge Trend Indicator posted positive data, showing +1.83% for October, thus bringing the current year’s performance above the formidable twenty percent market to +20.29%.
A much needed dose of Volatility in global financial markets has boosted the returns on the Newedge CTA index. The latest figures support the continuing trend of strong performance as reported under the benchmark index.
James Skeggs, pictured, Global Head of Advisory Group at Newedge, commented about the results, he said: “We have seen strong CTA performance during the past three months, which is driving a resurgence of investor interest in managed futures. Trend following and short-term trading strategies have done well recently, with such funds continuing to benefit from increased market volatility.”
The commodity markets were racing against key fundamental data last month. During October, the two main precious metals saw reasonable fluctuations, both gold and silver dropping by -4.3% and -4.9% to $1164.25 and $16.13 respectively, the moves coming on the back of news from Japan and the EU, with the Bank of Japan’s and European Central Bank’s growth policies and by traders sentiment on interest rates.
Additionally, with the yellow metal in a state of turmoil with miners, gold funds and miners are in turmoil, with losses in the area of -20% in October following losses of a similar magnitude in September.
Newedge’s benchmark indices and indicators are used by participants to assess the performance of key financial instruments. The Newedge CTA Index, which is weighted, calculates the daily rate of return for a pool of the largest 20 CTAs who are willing to provide daily returns and are open to new investment. Both indices are rebalanced and reconstituted annually. The Newedge Trend Indicator is a market- based performance indicator designed to have a high and stable correlation to the returns of trend following strategies.
Leading financial services firm, Newedge, has reported its commodity CTA performance data for October. Overall results were in the green as managers embraced the recent tide in global markets. The firm saw a sharp U-turn in trend following strategies contributing the most to the increase in performance. Newedge’s Trend Index returned +1.76% for the month, in addition, the Newedge Trend Indicator posted positive data, showing +1.83% for October, thus bringing the current year’s performance above the formidable twenty percent market to +20.29%.
A much needed dose of Volatility in global financial markets has boosted the returns on the Newedge CTA index. The latest figures support the continuing trend of strong performance as reported under the benchmark index.
James Skeggs, pictured, Global Head of Advisory Group at Newedge, commented about the results, he said: “We have seen strong CTA performance during the past three months, which is driving a resurgence of investor interest in managed futures. Trend following and short-term trading strategies have done well recently, with such funds continuing to benefit from increased market volatility.”
The commodity markets were racing against key fundamental data last month. During October, the two main precious metals saw reasonable fluctuations, both gold and silver dropping by -4.3% and -4.9% to $1164.25 and $16.13 respectively, the moves coming on the back of news from Japan and the EU, with the Bank of Japan’s and European Central Bank’s growth policies and by traders sentiment on interest rates.
Additionally, with the yellow metal in a state of turmoil with miners, gold funds and miners are in turmoil, with losses in the area of -20% in October following losses of a similar magnitude in September.
Newedge’s benchmark indices and indicators are used by participants to assess the performance of key financial instruments. The Newedge CTA Index, which is weighted, calculates the daily rate of return for a pool of the largest 20 CTAs who are willing to provide daily returns and are open to new investment. Both indices are rebalanced and reconstituted annually. The Newedge Trend Indicator is a market- based performance indicator designed to have a high and stable correlation to the returns of trend following strategies.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
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The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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