Equity trends drive CTA gains in July before copper shock

IntelSubscriber content
By Will Wainewright

Trend-followers and other CTAs made small gains in July, tentatively building a two-month positive run as the strategy seeks recovery from early-year losses.

Societe Generale’s Trend Index of large trend-followers was up 1.3% in the month to 30 July while the CTA Index made 1%, though losses on the last trading day sparked by copper positioning may cut the gains.

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