View more on these topics

Man Group launches commodities fund

Man Group has launched its first single-manager commodities-only fund, offering exposure to global commodities.

The Man commodites fund will follow an investment strategy developed by internal investment manager Man Systematic Strategies.

The strategy will be led by Scott Kerson, the investment manager’s new head of commodities.

Man Systematic Strategies chief investment officer Sandy Rattray says: “More investors want to add commodities to their portfolios, but there are relatively few options for them in a Ucits format.

“Passive investment products like exchange-traded funds and index-linked swaps are generally poor at dealing with severe drawdowns and heightened volatility in commodity bear markets, so we think that an actively-managed, systematic approach is a better solution.”

The fund has been launched with £31.8m in seed assets and will aim to outperform passive indices and minimise downside risk.

It will aim to obtain liquid, long-only exposure to the Man Systematic commodity index, which is based on trading in 25 liquid futures contracts in precious metals, industrial metals, energy and agricultural products.
Minimum investment in the fund is £1,000. The fund carries a 1.5 per cent management fee and a 10 per cent performance fee on outperformance of the benchmark index, DJ-UBS Commodity index total return.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm