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Barclay CTA Index Begins 2020 In The Green

Backstop BarclayHedge's Barclay CTA Index returned +0.51% in January, the third consecutive month of gains. Sol Waksman, BarclayHedge President, attributed the gains to an investor flight to safety amidst the coronavirus panic.

“The coronavirus outbreak was a double-edged sword for traders in January, dragging oil prices down over concerns of reduced demand while boosting gold and Treasury bonds as investors sought defensive options,” said Sol Waksman, president of BarclayHedge. “Similarly, the cryptocurrency market benefited with bitcoin enjoying its best January since 2013.”

All but two CTA sectors were in positive territory for January. The Cryptocurrency Traders Index took the lead with a gain of +20.18% on the back of a Bitcoin surge; other January gainers included the Financial & Metal Traders Index, up +0.91%, Systematic Traders Index, up +0.74%, the Currency Traders Index, returning +0.64%, and the Diversified Traders Index, up +0.55%. In the loss column, the Discretionary Traders Index was down -0.20% in January and the Agricultural Traders Index slipped -0.03%.

The Barclay BTOP50 Index, which tracks the performance of the largest CTAs that are still open for new investment, returned +0.29% in January.

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