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.
AUSPICE WINS BEST INVESTABLE CTA INDEX
Tim Pickering: Investing In The Unknown
2016 was a year of volatility inducing events, which caused many markets to move in surprising ways on the back of results that separated themselves from popular consensus or polling. Brexit, the US election, a new OPEC narrative, and the US Fed raising rates were all tough on trends, inducing whips and reversals. Despite this, equities rallied while broad commodities had their first positive year in many.
OPINION: Canada Should Find Refuge in Hedges Before the Next Bust
Press Release: Auspice Capital Advisors Launches GAS - the Only ETF Tied to Canadian Natural Gas Globally
USCF Announces Collaboration On Canadian Crude Oil ETF With Auspice
A call for Alberta to create an oil hedging strategy
Tim Pickering, CIO of Auspice Capital, has been lobbying for the provincial government of Alberta to hedge against the performance of oil. He says Alberta has neglected to take advantage of this investment strategy even after acknowledging in their own 2014-15 budget that they stood to lose $2.15-billion for every $10 decrease in WTI, which ultimately resulted in an estimated $13-billion decline in revenues since 2014 . He tells us what he plans to say to the government and why a hedging policy may be the best solution for the province and the industry.