These are the ten best macro strategy mutual funds

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August 6, 2021

5 minutes to read

This story originally appeared on ValueWalk

The comprehensive macro strategy is popular among hedge funds and mutual funds. This strategy is useful for both investment and trade, and is based on the study of macroeconomic events at national, regional and global levels. Factors or events analyzed by fund managers include political scenarios, interest rates, international trade, international relations and exchange rates. Funds that use such a strategy can invest in a wide range of assets around the world. Let’s take a look at the top ten macro strategy mutual funds.

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The ten best macro strategy mutual funds

We used performance data from the past year (from US News) to come up with the top ten macro strategy mutual funds. Here are the top ten macro strategy mutual funds:

  1. Rational / ReSolve Adaptive Asset Allc Fd (RDMAX, 14%)

RDMAX invests in major asset classes globally, including interest rates, currencies, fixed income indices, commodities and equity indices. This fund has returned over 5% in three years and over 6% in the last three months. The top three holdings of RDMAX are First American Government Obligs U, Rdmf Fund Ltd and the 10-Year Government of Canada Bond Futures on June 21.

  1. UBS Dynamic Alpha Fund (BNAAX, 14%)

BNAAX invests in global equity, fixed income and global currency markets. This fund has returned over 4% in three years and over 2% in the past three months. BNAAX’s top three holdings are US 2-Year Notes (Cbt) June 21 Xcbt 20210630, 0% US Treasuries, and S & P500 futures on June 21.

  1. Invesco Macro Allocation Strategy Fund (GMSDX, 16%)

GMSDX allocates funds between three asset classes: commodities, equities and bonds. It allocates funds in such a way that no asset class drives the performance of the fund. This fund has returned over 1% in three years and over 2% in the past three months. The top three holdings of GMSDX are Invesco Cayman Island Comm Fund V Ltd, MSCI EAFE Index Future on June 21, and E-mini S&P 500 Future on June 21.

  1. PGIM QMA Global Tactical Allocation Fund (PTALX, 16%)

PTALX aims for a long-term risk-adjusted total return. To achieve its objective, the fund uses targeted long and short exposures to global equities, global bonds, commodities and currencies. This fund has returned over 2% in three years and over 5% in the past three months. The top three holdings of PTALX are 0.06% US T-Bills, 0.12% US T-Bills, and Pdcx Gtaa Cayman Sub.

  1. Catalyst Multi-Strategy Fund (ACXAX, 16%)

ACXAX typically takes long and short positions in futures contracts, and invests directly or indirectly in mutual funds and exchange traded funds. This fund has returned over 4% in three years and almost 1% in the last three months. The three main holdings of ACXAX are First American Government Obligs U, Camfmsf Fund Ltd and iShares MBS ETF.

  1. OnTrack Core Fund (OTRFX, 17%)

OTRFX invests primarily in stocks, bonds and commodities using technical and risk control strategies. It can invest 100% in ETFs and / or mutual funds. This fund has returned over 11% in three years and over 1% in the past three months. The top three holdings of OTRFX are Columbia Mortgage Opportunities Inst3, Braddock Multi-Strategy Income Instl and Thompson Bond Fund.

  1. CMG All Asset Tactical Strategy Fund (CMGQX, 22%)

CMGQX typically invests in exchange traded funds (reverse and leveraged ETFs). This fund has returned over 3% in three years and over 2% in the past three months. The three main stocks of CMGQX are SPDR® S&P 500 ETF Trust, Real Estate Select Sector SPDR and iShares Transportation Average ETF.

  1. Quantified Alternative Investment Fund (QALTX, 27%)

QALTX normally invests indirectly through alternative investments using open-end mutual funds, exchange-traded funds and other investment companies. Alternative investments, depending on the fund, are any security whose returns have a low or negative return correlation with the S&P 500® Index. This fund has returned over 5% in three years and over 3% in the past three months. The two main holdings of QALTX are Fidelity® Inv MM Fds Government I and First American Government Obligs Z.

  1. Standpoint Multi-Asset Fund (BLNDX, 31%)

BLNDX uses an “all weather” strategy. This strategy diversifies funds by region, investment style and asset class. This fund has returned over 15% over the past six months and over 5% over the past three months. The three main holdings of BLNDX are STANDPOINT MULTIASSET CFC, Vanguard Total Stock Market ETF and iShares Core S&P Total US Stock Mkt ETF.

  1. Catalyst / Millburn Hedge Strategy Fund (MBXAX, 36%)

MBXAX invests in derivatives (options, futures, futures and spot contracts and / or options) related to stock indices, commodities, currencies, interest rate instruments, metals and energy. It can also invest in equity ETFs and common stocks. This fund has returned over 9% in three years and over 3% in the past three months. The two main holdings of MBXAX are 2% US Treasuries and 2.75% US Treasuries.

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