DBi创始人Beer：管理期货策略或比债券更有优势
'Dead money’ for a decade: Why this hedge fund approach may deliver an advantage over bonds
DBi co-founder Andrew Beer said managed futures strategies may be better than bonds in hedging stock volatility. The iMGP DBi Managed Futures Strategy ETF he manages is up nearly 19% so far this year. This strategy can go long and short global markets and perform better during periods of volatility. Nate Geraci of NovaDius reminded that bonds still play a role in diversifying investments and that managed futures ETFs may also experience a phase of underperformance.
Managed futures strategies perform better during periods of volatility. If used by more investors to hedge stock fluctuations, it may divert some of the allocation demand for traditional bonds and gold and other safe-haven assets. The hedging pricing logic of gold and the U.S. dollar in risk events deserves re-examination. Traders can pay attention to the linkage between changes in the scale of such strategies and the gold and foreign exchange markets, but they also need to be aware that the strategy itself has the risk of periodic poor performance.
原文将管理期货策略与传统债券在60/40组合中的作用进行对比，并给出DBMF年初至今近19%的涨幅作为实际参照。
来源：CNBC Top News · cnbc.com