pathfinder commodity plus fund
The Commodity Plus Fund provides NZD currency hedged exposure to a basket of commodities. The fund is rules based and invests in basket of six global commodities.
Allocations to commodities are based on a mean reversion approach - relatively cheap commodities have a heavier weighting, relatively expensive commodities have a lower weighting. There is also a momentum based rule that allocates between cash and commodities, this is designed to reduce the impact of large draw-downs in commodities.
For latest pricing please see the monthly report on the home page here. Please note that the Fund has moved to daily applications and redemptions (it had previously been monthly). This move to daily liquidity is a positive for investors and matches each of Pathfinder's other funds.
If you would like a comprehensive explanation of how the fund works please contact Paul or John directly or read the Product Disclosure Statement. Independent research on the fund is also available on request.
Pathfinder has implemented robust processes to comply with the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009. Steps to verify your identity, address and bank account are set out in the fund's application form (at the back of the Product Disclosure Statement).