| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | |
| Manager Comments | The Manager's monthly comments notes that 'The portfolio started the month with modest exposure of about 30% and this was increased rapidly around mid-month finishing at about 90%. Energy constituted the biggest exposure at month end but exposures to Softs and Grains were also significantly increased. Major contributors to performance were coffee, soybeans zinc and gasoline whilst heating and gas oil posted the largest losses in the portfolio for the month. Coffee was up 41.7% for the month, bringing its YTD to 60.3%. February also saw gains posted by corn (5.4%), cotton (0.9%), Chicago wheat (8.4%) and Kansas wheat (11.1%). Soybeans and sugar also posted gains of 11%. Concerns over cold weather and the political unrest in Ukraine, one of the world's biggest exporters of corn and wheat, helped push prices of these grains up in February. The El Niño weather pattern, which can cause droughts and flooding in various parts of the world, is expected to return in 2014' |
| More Information | » View detailed profile of this fund |
