Picto_Video Commodities

Theam quant funds

COMMODITIES

Commodities

BNP Paribas’ commodity fund range aims to offer beta and alpha investment opportunities in the Commodities asset class.

We particularly aim to exploit the specificities of the commodities market to reduce or capture the carry costs associated with commodity futures rolling, thanks to optimal investments on the forward curves.

The eligible universe of our solutions covers Energy, Base Metals and Precious Metals.

These investment solutions offer significant diversification and can prove to enhance substantially risk/return profiles in a portfolio context.

Energy & Metals Enhanced Roll ETF

The BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF aims to replicate the performance of the BNP Paribas Energy & Metals Enhanced Roll TR Index. As well, to maintain the Tracking Error between the sub-fund and the index below 1%. The index offers investors a long, static exposure to the commodity market (ex-Agriculture and Livestock).

Key points

  1. Diversified allocation to the Commodities universe of the Bloomberg Commodity ex-Agriculture and Livestock Capped Index. In addition, the Fund rebalances the weights to those of this benchmark index once a month.
  2. Optimal investment on the forward curve thanks to the S&P GSCI® Dynamic Roll methodology. Our selection aims at reducing the carry costs associated with long commodity futures positions.

Illustration Energy Metals Commodities

Alpha Commodity

The Alpha Commodity fund objective is to generate absolute performance thanks to a synthetic exposure to a portfolio of quantitative strategies. In conclusion, the Fund aims at benefiting from key Commodity market’s specificities.

Key points

  1. Access, on a pure-Alpha basis, to similar Commodity Alpha sources as the ones used by our flagship in-house commodity strategy, BNP Paribas® Oscillator Commodity strategy (live since October 2007). Additional source of Alpha: backwardation.
  2. Non directional, market-neutral portfolio of non directional, market-neutral underlying quantitative strategies. As a result, the contributors are broadly uncorrelated with each other in order to benefit from diversification.
  3. A dynamic and risk-balanced allocation as well.
  4. At last, the funds aims at delivering a level of volatility ranging from 3% to 6%.

Alpha commodities illust


Raw Materials Income

The THEAM Quant Raw Materials Income fund aims to generate a sustained income over the medium term.

Key points

  1. Access to the Commodity Curve Alpha source that was implemented in our flagship in-house commodity strategy, BNP Paribas® Oscillator Commodity strategy (live since October 2007).
  2. Commodity Curve Alpha: created through an optimal investment on the forward curve using the S&P GSCI® Dynamic Roll mono-indices.
  3. Diversified allocation among 9 Commodities within an ex-agriculture and livestock broad commodity universe.

For more details, please check the product page which is accessible through the table at the bottom of this page.

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RELATED Funds

Funds Investment theme Asset Class Style
BNP Paribas Easy Energy & Metals Enhanced Roll ETF Commodities Carry
Alpha Commodity Liquid Alternatives Commodities Long Short Multi Premia
THEAM Quant - Raw Materials Income Liquid Alternatives / Income Commodities Income

Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Asset Management Holding, registered with the Paris Registry of Commerce and Companies under number 682 001 904 as a Limited Company with share capital of 23 041 936 euros. Registered office: 1 Boulevard Haussmann, 75009 Paris. Postal address: TSA 47000/75318 PARIS CEDEX 09

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