Societe Generale launches SG CTA Mutual Fund Index
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Societe Generale launches SG CTA Mutual Fund Index 11 January 2016London Reporter: Drew Nicol
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Societe Generale Prime Services has created a new SG commodity trading advisor (CTA) mutual fund index.
The latest offering, which went live on 1 January, will work as a performance benchmark for US ’40 Act registered mutual funds that follow managed futures strategies.
The new index includes the 10 largest CTA mutual funds and is the fourth daily index designed and calculated by the French financial services provider.
The indices calculate the daily rate of return for an equally weighted group of the largest CTAs (by assets) that are open to new investment and provide daily data.
James Skeggs, global head of alternative investments consulting at Societe Generale Prime Services, said: “The ’40 Act CTA mutual fund space has grown at an impressive pace, increasing more than five-fold in the last five years to exceed $22 billion in assets under management by the end of 2015.”
“We are delighted to present the new Index as a benchmark for the fast growing liquid alternatives CTA strategies. We welcome the 2016 SG CTA Mutual Fund Index constituents and thank them for their help in the Index launching process.”
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