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Thursday, September 21, 2023

Financials propel CTAs to June gains as stocks advance

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By Will Wainewright
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Trend-followers and other CTAs posted a third straight month of gains in June to end the first half of 2023 broadly flat for the year.

CTAs made 1.3% in June while the ten largest trend-followers averaged about 2%, according to Societe Generale’s tracker of the sector.

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