Neuberger Berman, has launched a new UCITS commodities fund. Neuberger Berman Commodities Fund is run by a highly experienced New York-based Senior Portfolio Manager Hakan Kaya, PhD, and will be supported by five others within the investment team.
Neuberger Berman has managed a diversified commodities strategy since May 2010, and Kaya has managed the Neuberger Berman Commodity Strategy in the US since inception.
Utilising commodity-related financial derivative instruments, the fund aims to provide an attractive level of total return and capital appreciation, by seeking exposure to a broad range of commodities across various global sectors, such as energy, metals, agriculture and livestock.
“The green energy transition has given the commodities market huge structural tailwinds. As political leaders look to meet their net-zero commitments, the demand for commodities will intensify, not only to supply clean energy but also the infrastructure to facilitate this new change.
“Interestingly we’re seeing scarcity across the commodities complex due to intense supply fragilities coupled with strong demand. This creates largely positive roll yields in the commodities complex while the index has moved into positive roll yield territory, a characteristic that tends to be sticky and can boost existing price momentum.”Hakan Kaya, Senior Portfolio Manager at Neuberger Berman
“Commodities can offer investors much-needed diversification and a highly effective inflation hedge. They have proved recently they are getting more powerful. When looking at the main indices versus a commodities index, commodities are outperforming – specifically against stock and bond sell-offs.
“While risk is currently elevated as a result of heightened inflation pressures and renewed global geopolitical tensions, due to their low correlation, allocations to commodities have historically proven effective in providing balance to investor portfolios during such periods at all levels of risk appetite.”Jose Cosio, Head of Global Intermediary (ex US) at Neuberger Berman