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Lyxor Upgrades CTAs From Underweight To Neutral

Asset management firm Lyxor today upgraded CTAs from underweight to neutral. In a release, the firm said:

"Our views have marginally changed lately. While we continue to express an Overweight stance on Event-Driven and Fixed Income Arbitrage and a Neutral stance on Global Macro and L/S Equity, we upgraded CTAs from Underweight to Neutral. This upgrade is taking place in a context where we find low beta strategies increasingly appealing in the context of a higher volatility regime in risk assets. CTAs also have exposures to traditional asset classes that are now much more balanced compared to a few months ago when their performance was heavily reliant on the momentum in equity markets. From that perspective, CTAs are back as a diversification strategy."