Summary

The ECBP commenced trading in April 2005 and trades 37 futures markets (60 instruments) in the Real asset class (Commodities). However, the ECBP trades commodities from a net long perspective thus having a long bias. Historical tests and actual trading experience show the product to have no correlation to financial markets. It also has low correlation to hedge fund indices and managed futures indices. As an enhanced beta product it is designed to have a relatively high correlation to commodity benchmarks such as the S&PGSCI and the Dow Jones UBS. The ECBP additionally offers investors an ‘alpha’ through QCM’s active management. It is a hybrid product that takes advantage of all QCM’s active strategies and targets enhanced returns on the commodity indices.