Managed Futures is the only asset class in February to put up returns greater than 1.00%, and one of two assets classes to post positive returns for the month. For the most part, all but one asset class continued on its January trajectory.
It’s no accident that while the long only commodity ETF $GSG is down -7.25% thus far in 2016, Managed Futures is posting a +7.20% return on the year {Disclaimer: Past performance is not necessarily indicative of future results}. Most of the gains in February from managers we track were from foreign bond markets like the Bund, the Japanese 10 year bond (which was issued with negative yields for the first time ever today), as well as US Bonds. Managers also saw gains from a long metals trend, while the former profit drivers in stocks and energies took a breather with some small reversal action there.
As we mentioned during Managed Futures performance last month, you can’t invest in an index, but you can invest in individual managers. It just so happens we released a list of the Top 15 Managed Futures managers of 2016 based on decades worth of research and insight, which you can download here.
Here’s to more months similar to January and February in 2016!
(Disclaimer: past performance is not necessarily indicative of future results.)
Source: All ETF performance data from Morningstar.com
Sources: Managed Futures = SGA CTA Index, Cash = 13 week T-Bill rate,
Bonds = Vanguard Total Bond Market ETF (BND),
Hedge Funds= IQ Hedge Multi-Strategy (QAI)
Commodities = iShares GSCI ETF (GSG);
Real Estate = iShares DJ Real Estate ETF (IYR);
World Stocks = iShares MSCI ACWI ex US Index Fund ETF (ACWX);
US Stocks = SPDR S&P 500 ETF (SPY)
