The commodity trading advisor firm Dunn Capital is to launch a UCITS III-compliant version of its flagship World Monetary and Agriculture Fund on the MontLake UCITS Platform.

The Florida-based firm will bring the new version of the original fund, which has returned an annual average of 14.61 per cent since its inception in 1984, to the European investment community. The UCITS III version will be launched on 1 July. The liquidity, transparency and accessibility of UCITS vehicles are attractive to investors, the firm said.

“Dunn has by most metrics outperformed the largest commodity trading advisor firms in the world, and the objective of the MontLake UCITS Platform is to deliver access to leading alternative strategies providers,” said John Lowry, chairman of ML Capital.

“At present, US-based CTAs are in short supply within a UCITS structure and are very strongly demanded as indicated by our recent UCITS Barometer market survey,” he added.

The WMA Fund has made investments into the agricultural, financial, energy and metal futures markets, which produces a return stream that has a low correlation with traditional asset classes, according to the firm’s website.

Investment firms such as Sarasin and Pictet have rolled out a number of new commodities-based investment funds in recent years, tapping into a strong commodity bull market.