The rally in sugar sweetened the commodity fund of funds performance for August, with sugar ending August up 31%. Opus Commodities Fund has invested in one manager that invests in sugar alone, but also has other managers with positions in sugar.
Sugar is considered a soft commodity and typically trades in lower volumes than other commodities, but it has gained a life of its own in recent months.
The fund, which is run by NewFinance Capital, was up 1.28% in August, taking the year-to-date performance to 14.97%. The fund has 22 holdings, three of which are classed as