Auspice Broad Commodity Excess Return Index (ABCERI)
The ABCERI shaved 1.23% in March as commodities pulled back in some sectors. The recent geo-political tensions, bitter cold, and drought concerns caused volatility that is more persistent in some sectors than others. Overall the commodity markets appear to be recovering and a number of new components have been added across all three sectors covered. Adding exposure to commodities from asset class rotation is apparent and ongoing as the last few years has provided an entry point while traditional asset classes have outperformed.