August Auspice Managed Futures Index Commentary

Auspice Managed Futures Excess Return Index (AMFERI)

Market Review

We saw volatility spin into other financial sectors to close the summer after equity markets corrected in July. Trends picked up in Currencies and Interest Rates as the US Dollar rallied and rates fell (bonds higher) and opportunity moved elsewhere.  Gains were made and risk was shifted to the financial markets beyond equities while net commodity risk was trimmed.


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