As an ongoing feature of this website, we decided that we would go the extra mile and track the performance of a large number of long term established Commodity Trading Advisors (CTA’s) reported by the NilssonHedge crowd-sourced CTA database.
July 2019 saw a continuation of positive performance for the CTA’s with the CTA Composite Index (59) now showing a 6.68% positive return YTD and the TF Global Index (38) reflecting a 7.76% YTD return. We are close to the summit trend followers where we start to look to new glorious peaks above the high water mark.
June 2019 saw a continuation of positive performance for the CTA’s with the CTA Composite Index (60) now showing a 4.58% positive return YTD and the TF Global Index (37) reflecting a 3.94% YTD return. Will we see the protracted drawdown that has been experienced by these indexes since January 2015 vaporize, or is this just a short term teaser before the overall markets flip back into their steady mean reverting rhythm?
May 2019 saw another positive performance result for the Commodity Trading Advisors as a group. This is the fourth consecutive month in a row for positive returns in the CTA Composite Index (12)….however despite the solid performance of the CTA’s as a whole, we saw a slight negative result for the Trend Following Global CTA’s.
Fund Performance Report – 31 December 2018 – “Oh well….that was exhausting – What will I tell the wife? “
Well thank heavens that 2018 is over. There were ups… downs….whipsaws….phantom bonanzas….you name it. That is as much as I would like to say about it in general….but the point I would like to make for 2018 is …..does a year really matter in the context of my heady aspirations of wealth building while swinging in this hammock?
While offering nothing to crow about, a flat return from the systematic trend following funds for the month is certainly a welcome result considering equities represented by the S&P500 TR Index (Total Return) plummeted 7.7% in November which added to the pain of Septembers plunge bringing the S&P500 TR Index to a 12.2% drawdown from it’s equity high in August 2018.