February Auspice Managed Futures Index Commentary

Auspice Managed Futures Excess Return Index (AMFERI)

Market Review

After a solid result in 2013 and strong end to the year, the AMFERI has pulled back to start the year. While Energies and Financial markets provided gains during the month, the other commodity sectors were off as positions adjust influenced by a combination of geo-political issues, weather and asset class rotation.

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