Chart of the Week: Stop being Average
We couldn’t help but notice something significant missing from Bob Doll’s chart which is making the rounds. it looks at the 20 Year annualized returns by asset classes dating from 1992-2011 as well as what the “average investor” has made. Ignore for a second that this data is 2 years stale… it has a bigger problem in our view – managed futures wasn’t included.
Managed Futures Linkfest
We’ve gathered up all that’s been written in Managed Futures this past week, and put in one place.
How Efficient was your 2013 Commodity Exposure?
Every month, we see if buying and holding a couple of commodity markets over the course of a year are doing better than investing in the ETF’s that supposedly track them. For many investors, however; the comparison of how to buy commodity exposure is becoming a moot after article upon article on the end of the super cycle. Which leads us to the widely known secret that many are still unaware of… there’s another way to invest in the commodity market. It’s a “Long/Short Strategy.”
Managed Futures end 2013 Up (and down)
It was a valiant effort for Managed Futures, and even now it’s still too close to call if returns ended up in the positive or negative. Regardless, finding that answer doesn’t do much for investors… but the asset class is controlling risk rather well, for being in a generational low.
In Case You Missed it (you did), 2013 Edition
We shared some of the most read posts of 2013 earlier this week, and today give you the 10 posts which we thought were pretty darn good, but which you just didn’t seem to have time to read (according to the stats). Maybe you’re new to the blog, maybe you were at your kid’s school play, maybe you just plain didn’t like what we had to say… Whatever the reason, here’s 10 posts that weren’t widely read (but in our humble opinion – should have been…)
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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