Julius Baer has launched two actively managed commodity funds, in line with the Rogers International Commodity Index. Julius Baer Commodi...

Julius Baer has launched two actively managed commodity funds, in line with the Rogers International Commodity Index. Julius Baer Commodity Fund and Julius Baer Commodity Fund are the first actively managed commodity funds launched in Luxembourg under UCITS III. Active management means that the funds systematically over, or underweight in individual commodities in relation to the benchmark, enabling them to respond rapidly and flexibly to new trends and changes in the market environment, said Julius Baer in a statement. Both funds invest in a broadly diversified portfolio of commodity futures industries, including, metals, energy, agriculture and livestock. Julius Baer has employed Diapason Commodities Management to manage both funds. The funds are currently approved for public sale in Switzerland, Germany, Luxembourg and Austria, and the approval process is already under way in other European countries.