Disappointing start to May for commodity funds

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Funds in the commodities strategy areas reported a median loss of 2.32% during the first week of May, according to the Absolute UCITS database. The sector saw Prim Commodities return a loss of 2.93% for the week ending 4 May 2012.

Other funds run by the same management company such as Prim Agriculture, OFI Prim' KappaStocks and Prim' KappaVol also experienced declines in performance – of 2.03%, 1.42% and 1.53%, respectively.

The worst performing fund during the reporting period was MS Algebris Global Financials, which follows a global equity strategy and reported a loss