Bringing you live news and features since 2006 

John Brynjolfsson, managing director of Armored Wolf

Eaton Vance launches commodity fund


Eaton Vance Management has launched the Eaton Vance Commodity Strategy Fund, which seeks total return primarily through exposure to commodities-related investments backed by long and short positions in fixed income securities. 

The fund uses a strategy that seeks broad-based commodity exposure and incremental alpha sourced primarily from three active strategies. 

The fund initially seeks to generate returns comparable to the Dow Jones-UBS Commodity Index Total Return with moderate volatility around the Index. 

Initially, the fund’s alpha versus the benchmark index is expected to come primarily from commodity-linked derivative instruments, global inflation-linked bonds, and emerging markets bonds.

Eaton Vance Management is the investment adviser for the fund and Armored Wolf has been engaged as investment sub-adviser. 

John B. Brynjolfsson (pictured), chief investment officer and a managing director of Armored Wolf, co-manages the fund. Brynjolfsson spent 19 years of his career at Pimco, where he helped launch and grow the firm’s real return platform while serving as a portfolio manager for several of the firm’s mutual funds.   

"John and his team at Armored Wolf bring extensive expertise in managing commodities-related investments to the management of the Eaton Vance Commodity Strategy Fund," says Payson Swaffield, chief income investment officer at Eaton Vance.

"Record US borrowing has driven fears that higher inflation could return. We believe that by investing in a fund which is designed to provide broad-based exposure to commodities, investors may be able to protect their purchasing power during a period of higher inflation. Additionally, while commodities on their own can be volatile investments, adding commodities exposure to a diversified portfolio may help investors reduce the overall volatility of their portfolios while improving return potential."

The fund will be co-managed by Brynjolfsson and Paul Dickson, a managing director and emerging markets fixed income portfolio manager for Armored Wolf. 

The fund offers three classes of shares for purchase: class A, class C and class I.

Latest News

Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..
First Trust has announced the launch of the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February GFEB..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by