Time for our monthly look at how the long only commodity ETFs are performing versus simply holding the December futures contract and rolling annually. This month was brutal for most of the commodities markets, but which loser lost the least? futures contracts or ETFs?
As we watch the markets plummet today, we’re not too concerned (the benefit of being in an industry that can profit in a down market). But the pain for some has raised the question of whether commodity financialisation is on its way out. We don’t think so- at least for those doing it the right way.
At last, our long wait for a trading environment kinder to managed futures has been rewarded. While the big May sell-off was probably not what many investors were looking for, the strong trends in multiple markets were exactly what managed futures has been needing.
While the big market sell-off was not what some were looking for, it suited us (and managed futures) just fine. Whether you’re mourning or celebrating, we’ve got just the thing to cap off your week: our weekend reads.
After a rough start to the year, May finally brought market conditions more favorable to managed futures. After a month that was hard on just about everything not named “bonds,” we’re looking at a decidedly different asset class scoreboard.
The scammers are at it again. Last year, we had someone steal the content and design of our website in its entirety. Now another firm is lifting our content. File this one away as more reason for being careful about who you work with.
It doesn’t matter where we go or who we talk to- everyone wants more information on managed futures. As an asset class, managed futures is rarely accurately described or adequately explained, which is part of the reason we allocate the resources we do to investor education.
Now, though, we’re taking it to the next level. Attain is pleased to announce that we will be hosting a webinar on June 19th at 1 PM CST entitled, “Managed Futures: An In-depth Look at an Overlooked Asset Class.” The webinar will feature commentary from Attain’s team, as well as insight from the CME, Sunrise Capital, RIAs helping clients make managed futures allocations, and attorneys specializing in the space, providing participants with actionable information on how to access the asset class. Most importantly, the webinar will include a Q&A session at the end, giving you the opportunity to ask whatever questions you may have of those leading the space.
The best part? It’s FREE.
While attending the CFA Conference in Chicago, we had the distinct pleasure of meeting with Gary Fencik, who is a partner of the firm and Head of Business Development at Adams Street Partners, LLC. We took the opportunity to get his thoughts on Private Equity, global diversification, and of course, pro football.
Our weekly newsletter is up, and we’re looking forward again. This time, our glass-half-empty side is considering what could go wrong this month, and the consequences for managed futures as an asset class should the worst-case scenario come to pass…
We’ve been following the new entrants into the managed futures mutual fund space this year, and our opinion of them hasn’t gotten any better. With another month of performance data on the books, we remain convinced that these mutual funds are a poor substitute for true managed futures exposure.