CTA fund plays a very important role in asset allocation because of its low correlation with the stock market, which can also reduce portfolio risk and improve portfolio income. Regarding the outlook for the third quarter, CICC said that commodity differentiation fluctuated and it was more optimistic about the high-frequency CTA strategy.
In the first half of the year, Reagan assets of large institutions performed best.
Looking at the commodity market in the first half of this year, due to the strong recovery of downstream demand and the global water release, the prices of major commodities basically rose sharply before May this year, but fluctuated in the range of May-June, while the average income of CTA strategy which was outstanding before May decreased in June.
According to the data of the above-mentioned institutions, specifically, Reagan, Mingxun and Jiukun were the top three CTAs in the first half of this year, and the average income of their CTA products reached 26.22% in the first half of this year. Bopu Technology, Kuande Investment and Wenbo Investment won the top three of 2 billion to 5 billion groups; Lexus Sanlian, Zhuhai Kuande and Shuanglong Investment won the third place in the first half of the year with CTA of 654.38+0 billion to 2 billion; Jingshangyuan Investment, Juli Assets and Shanghai Liaosu Assets are the top three in the 50-65.438+0 billion group; Zhejiang Lvchuang Investment, Yuan Heng Tailai Assets and Qiheju Assets had the highest returns in the first half of the year, and their performance was very bright. Overall, the average income of CTA products of 26 private equity institutions in the first half of the year exceeded 20%. (In the above ranking, we select private equity institutions that manage futures strategic products with a net value of more than 3 (including 3) and the net value of more than 3 (including 3) products has been updated in the current month).
With the gradual development of certified asset appraisers in China, their position in the asset management industry can not be ignored. Private Paipai.com told the reporter of National Business Daily: "CTA strategies are mainly divided into two categories, namely, subjective CTA and quantitative CTA. The latter establishes a quantitative trading strategy model through analysis, and makes investment decisions according to the trading signals generated by the model. Once there is a loss or withdrawal, you can stop the loss in time or control the withdrawal of CTA funds at a low level. At present, the quantitative CTA of programmatic trading has gradually become the mainstream strategy in the market. "