BNP AM

The bank for a changing world

The fund has an absolute-return strategy harvesting carry between optimal and front-month futures contract.

Investment Theme

Liquid Alternatives

Asset class

Commodities

Style

Income

Fund Objective:

The THEAM Quant – Raw Materials Income fund aims to increase the value of its assets over the medium term, through the use of a quantitative, non-directional investment strategy based on commodity markets, excluding the agriculture, livestock and precious-metals sectors.

Key Points:

  • The fund’s strategy takes long and short exposure to a diversified basket of commodity future indices (excluding the Agriculture and Livestock sectors) and aims to replicate the performance of the BNP Paribas DR Alpha ex-Agriculture and Livestock Index.
  • 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).
  • Commodity Curve Alpha is created through an optimal investment on the forward curve using the S&P GSCI® Dynamic Roll mono-indices.
  • Diversified allocation among 10 commodities within a broad, ex-agriculture and livestock commodity universe.

Performance data and latest documents

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Investments in the aforementioned strategies 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