Rydex and Wisdom Tree Managed Futures Products- August 2011
With August’s estimates in, it’s time to take a look at how managed futures stacked up against Rydex’s Managed Futures Fund and Wisdom Tree’s Managed Futures ETF. We’ve made our grievances with them clear several times over (see here and here), but prefer to let the data speak for itself.
We estimate managed futures down 1.95% in August
Well that didn’t work out like it looked it should around August 10th or so… when the Newedge CTA index was up about 1% for the month while stocks were getting hammered. Based on preliminary data from the Newedge CTA Index, Credit Suisse Dow Jones Core Managed Futures Index, and the performance of the CTAs […]
Managed Futures Wins Round One Versus Bill Gross
It wasn’t that long ago that Bill Gross stood squarely against managed futures, shouting the demise of U.S. treasuries as a viable investment from the rooftops. We disagreed with him then, believing the trend in bonds to be decidedly up. This is where we get to say “told you so.” From the Financial Times: Bill […]
Trading Futures: The Game
Checked out the CME’s Trading Simulation Game this morning, and they win the award for creating a game that is NOTHING like the real deal. They give you a chart, a buy button, and a sell button – and then put some fake news along the right side of it. Here’s how I did in […]
UCITS: Expensive, Complex, Worth it?
Europe and the U.S. may be viewed as Western titans in the public sphere, but there are certainly unique differences between the two juggernauts. Whether it’s food, culture, or politics, each region has its own flavor. One of those differences as it relates to investing which is gaining more and more notoriety is the rapid […]
Disclaimers
Managed futures, commodity trading, forex trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. You should not rely on any of the information as a substitute for the exercise of your own skill and judgment in making such a decision on the appropriateness of such investments.
The entries on this blog are intended to further subscribers understanding, education, and – at times – enjoyment of the world of alternative investments. Unless distinctly noted otherwise, the data and graphs included herein are intended to be mere examples and exhibits of the topic discussed, are for educational and illustrative purposes only, and do not represent trading in actual accounts. Opinions expressed are that of the author.
The mention of specific asset class performance (i.e. +3.2%, -4.6%) is based on the noted source index (i.e. Newedge CTA Index, S&P 500 Index, etc.), and investors should take care to understand that any index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.
The performance data for various Commodity Trading Advisor (“CTA”) and Commodity Pools are compiled from various sources, including Barclay Hedge, RCM’s own estimates of performance based on account managed by advisors on its books, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor’s disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor’s track record.
The mention of general asset class performance (i.e. managed futures did well, stocks were down, bonds were up) is based on RCM’s direct experience in those asset classes, estimates of performance of dozens of CTAs followed by RCM, and averaging of various indices designed to track said asset classes.
The mention of market based performance (i.e. Corn was up 5% today) reflects all available information as of the time and date of the publication.
The owner of this blog, RCM Alternatives, may receive various forms of compensation from certain investment managers highlighted and/or mentioned within the blog, including but not limited to retaining: a portion of trade commissions, a portion of the fees charged to investors by the investment managers, a portion of the fees for operating a fund for the investment managers via affiliate Attain Portfolio Advisors, or via direct payment for marketing services.
Managed Futures Disclaimer:
Past Performance is Not Necessarily Indicative of Future Results. The regulations of the CFTC require that prospective clients of a managed futures program (CTA) receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.
See the full terms of use and risk disclaimer here.
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