Well trend followers, the 31st December 2019 brings an end to an average year and a psychologically tough decade. It is once again time to have a look at overall performance and see how we are all tracking. For the TF Global Index which comprises 35 of the top long standing global diversified trend following…
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?