Mellon Capital Management, unit of BNY Mellon Asset Management, has unveiled a new commodities strategy. The Commodity Alpha Long-Bias Strategy will offer institutional investors diversification beyond equities and fixed income and will provide a hedge against inflation.
The strategy uses a volatility-adjusted version of the Dow Jones UBS Commodity Index, which offers trading opportunities as well as an inflation hedge, adds Reuters. It generally uses longer-dated futures contracts and takes long or short positions in contracts with positive roll returns.
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