Fund aims to deliver noncorrelated returns, “crisis alpha”, and inflation protection in a new corporate class structure.

CALGARY (February 21, 2024) – Auspice Capital Advisors Ltd. (“Auspice”) announces the launch of the CI Auspice Alternative Diversified Corporate Class (“the Fund”), a systematic, trend-following, multi-strategy Fund that seeks to provide returns that are uncorrelated with other alternative strategies and fixed income, while also being negatively correlated to equities.

“We are excited to partner with CI GAM in bringing access to the Auspice flagship fund, the most tenured in its category in Canada, and one of few funds to deliver positive returns with negative equity correlation alongside actual commodity exposure” said Tim Pickering, the Auspice Chief Investment Officer and co-founder.

Read more here.

Tim Pickering was featured in the September 6th, 2023 edition of Wealth Professional

“The North American fires and hot dry summer have put pressure on an already-pressured commodity supply – from oil to lumber, minerals to grains,” says Tim Pickering, founder, president, and CIO of Auspice Capital. “This, along with massive demand in the fastest-growing middle class market and now largest global population - India - will drive the second wave of the commodity supercycle.”

“The reality is that a lack of broad commodity capital expenditures starting over a decade ago has led to a fragile supply that will continue to be interrupted by things like weather-related events – fire, floods or drought,”

Tim Pickering was featured in the Saturday July 29th edition of the Financial Post.

“Do average citizens feel like daily expenses have gotten cheaper? Not a chance. Groceries cost much more than last year, up 9.1 per cent, which is higher than the increase in May. Core measures of inflation — which strip out volatility — have not eased. Mortgage interest costs were up more than 30 per cent from June 2022.”

“Here is what the central banks won’t tell you, there are two types of inflation: one which they have some control over and one which they do not. Raising rates may be effective for “demand-pull” inflation, constraining the price of services and manufactured goods. By raising rates, we all spend less. However, it is not effective for “cost-push” inflation, which is driven by commodities and wages. They don’t have this lever.”

CALGARY, Alberta, March 02, 2023 (GLOBE NEWSWIRE) -- Auspice Capital Advisors Ltd. (Auspice) today announced the launch of Auspice Diversified Trust (ADT) and Auspice One Fund Trust (AOFT) as public alternative mutual funds that can be invested in by retail investors. The funds, previously only available to institutional and accredited investors on an exempt basis, will maintain their existing track records, including the 16+ year track record of the firm’s longest standing and flagship fund, Auspice Diversified Trust.

“We are excited to launch ADT and AOFT as two publicly traded alternative mutual funds. They were both previously offered on an exempt basis and can now be bought by all retail investors. ADT and AOFT are also well positioned to generate positive returns in this environment with interest rates, inflation, and volatility no longer compressed” said Tim Pickering, President of Auspice. “While there are a number of resource equity funds, there are few funds that provide direct exposure to commodities in Canada, an even fewer managers that have the tenure and track record of Auspice.”

CI Global Asset Management is expanding the range of choice for Canadian investors once more with the introduction of three new ETFs. Among those is the CI Auspice Broad Commodity ETF (CCOM), Canada’s very first multi-commodity ETF launched in partnership with Auspice Capital.

For Tim Pickering, the founder and CIO of Auspice Capital, it’s been a long time coming. “The demand for commodity-based products on a global basis has been significant for a long time, especially in the last few years since COVID hit and inflation became a very relevant issue,” Pickering told Wealth Professional in an interview. “We think it's far, far overdue that a broad commodity product like this, especially one with a long successful track record, exists for Canadian investors in Canada.”

CI Global Asset Management (“CI GAM”) today launched three new investment options – two ESG-focused mandates offering both mutual fund and ETF series, and a commodity-focused liquid alternative ETF.

The CI Auspice Broad Commodity ETF (“CCOM”) seeks to replicate the performance of the Auspice Broad Commodity Excess Return Index (the “Index”) by investing in financial instruments, including futures contracts and derivatives. The Index uses a quantitative methodology to track a diversified portfolio of commodity futures contracts, or components, across three sectors: agriculture, energy and metals.

“This ETF launch is especially timely, given that commodities are benefiting from supply constraints combined with heightened demand driven in part by infrastructure spending and the transition to a greener and more sustainable society,” Mr. Ferreira said. “As a result, exposure to commodities holds the potential to add inflation protection to investors’ portfolios.

Auspice is proud to share that we have partnered with CI to launch the CI Auspice Broad Commodity ETF (Ticker "CCOM") with a September 27th targeted launch. See the press release here for more.

Auspice Broad Commodity is currently available via the NYSE listed Direxion Auspice Broad Commodity ("COM") ETF and has been a top performer in its category. Notably, the underlying Auspice Broad Commodity Index (ER) has outperformed benchmarks GSCI ER and BCOM by 4.0% and 3.3% annualized with roughly half the volatility and drawdown since 2010 inception. We are proud to partner with CI in bringing this top performing commodity strategy to Canadian Investors. We are also more constructive on the commodity outlook than ever, with the recent pullback potentially offering an attractive entry point for investors. See this month's blog for more.

“Canadian energy companies have demonstrated leadership in developing greener energy infrastructure.”

“LNG is not a 100 percent solution to our climate problem, but it gets us significantly closer to our goals and should be prioritized versus relying on foreign countries with higher emissions and poor track records.” - Tim Pickering, Auspice Capital President and CIO.

“People have this idea that commodities and ESG are just diametrically opposed, and we get some of that. We've always said producing commodities, particularly in the mining and extraction business, is inherently an invasive process,” Auspice Capital President and CIO Tim Pickering, told Wealth Professional. “But the question is, how do you go about gaining that commodity exposure as an investor?”

The Direxion Auspice Broad Commodity Strategy ETF, COM, is one of the only commodity ETFs to have a five-star Morningstar rating and has outperformed all other broad commodity ETFs with significantly less volatility and drawdown.

“Borrowing the trend-following approach from our CTA/managed futures background, the strategy has produced far better risk-adjusted results alongside superior long-term absolute returns by exiting markets that are weak yet participating in commodity upside based on the merits of an individual commodity market — not a broad shotgun approach. Commodity markets are simply too unique for that approach to outperform long-term.”

Auspice Founder Tim Pickering was picked up by Reuters alongside Pierre Andurand, Odey Asset Management and other industry legends.

“Auspice, with a 70% allocation to commodities, more than doubled its assets in a year, from around C$200 million ($165 million) to C$500 million. Tim Pickering, the fund's chief investment officer, said commodities will remain a popular bet as investors seek insurance against inflation.”

Canadian commodities shop Auspice Capital is riding the recovery in commodities to new highs. Auspice is now up 15% across its trading programs year to date through the end of April, according to a performance update for investors reviewed by Opalesque.

Auspice's positive performance builds on the momentum that started last year. The fund ended 2020 up 18.46%..

ETF Trends CEO Tom Lydon discussed the Direxion Auspice Broad Commodity Strategy ETF (COM) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

“Commodities may provide a valuable diversifying component to any long-term investment portfolio. Why commodities? Inflation protection. Commodities represent a significant portion of the CPI’s volatility, resulting in a positive and often outsized response to inflation.”

Commodities potentially stand on the cusp of their most exciting period in 25 years

We have proudly partnered with Walter GAM, a company that shares our entrepreneurial vision for alternative investing, in a strategic relationship that will help accelerate our growth at this critical time of opportunity.

The Direxion Auspice Broad Commodity COM ETF which tracks the Auspice Broad Commodity ER Index has reached 5-star status by Morningstar (here) on a 5 and 10 year basis. More info about the Auspice strategy and Direxion linked fund.

Toronto, Ontario – March 12, 2020 – Auspice Capital Advisors Ltd. (“Auspice”) announced today that it will be terminating Canadian Crude Oil Index ETF (the “ETF”) (ticker symbol: CCX) effective at the close of business on or about May 22, 2020 (the “Termination Date”).

Link to full press release here.

The Direxion Indexed Commodity & Income Strategy Fund which tracks the Auspice Broad Commodity ER Index has reached 5-star status by Morningstar (here) on a 5 and 10 year basis. More info about the Auspice strategy and Direxion linked fund.

Auspice offers investors the purest exposure to the discounted price of Canadian oil through its Canadian Crude Oil Index ETF (CCX.TO). The fund tracks the company’s Canadian Crude Index, described as “a simple, transparent and liquid benchmark for oil produced in Canada.”

Toronto, Ontario – January 16, 2018 – Auspice Capital Advisors Ltd. (“Auspice”) announced today that it will be terminating Canadian Natural Gas Index ETF (the “ETF”) (ticker symbol: GAS) effective at the close of business on or about March 23, 2018 (the “Termination Date”).

Capital versus Risk Allocation: What Most Investors Get Wrong in Alternatives.

Direxion has launched the Direxion Auspice Broad Commodity Strategy ETF (Ticker: COM), which seeks to provide total return that exceeds that of the Auspice Broad Commodity Index. The rules-based index attempts to capture trends in 12 diversified commodity markets using a quantitative methodology.