The Barclay CTA Index reflects a positive month for funds, gaining 0.85% in April 2019.
Strong performance in recent months has allowed the Barclay CTA Index to gain 2.28% year-to-date.
April also saw gains for nine out of 10 of the BarclayHedge’s CTA indices, bringing all ten into positive territory for 2019.
“Four consecutive months of ongoing rallies in energy and global equity markets have provided a much needed tail wind for CTA performance,” says Sol Waksman, president of BarclayHedge. “An ongoing downtrend in agricultural markets provided a boost for trend traders at the expense of those anticipating prices to turn upward.”
Waksman goes on to explain the negative 0.30 return in the Currency Traders Index, adding: “Although the US dollar had strengthened against many of the major currencies by month-end, mid-month trend reversals resulted in losses across the sector.”