Credit Suisse Asset Management, LLC announced this week the Credit Suisse Commodity Return Strategy Fund has reached over $100 million in assets since its January 2005 launch.
Steve Plump, co-head of third party sales for CSAM Americas said CSAM has managed indexed commodity portfolios since 1995 and now offers these capabilities to retail investors.
“We are seeing strong demand from financial advisors and retail investors for exposure to an asset class that investors have not been able to access before, resulting in significant inflows into the CSAM Commodity Return Strategy Fund,” Plump said.
Nelson Louie, portfolio manager of the fund said globalization is one of the key investment imperatives of this generation, and raw materials are global by nature. Both supply and demand for them are worldwide, he said.
“Investment in the CSAM Commodity Return Strategy Fund provides broad exposure to these real assets, and enables investors to diversify their portfolio – which can improve portfolio efficiency, dampen volatility and help protect against inflation,” Louie said.
The Credit Suisse Commodity Return Strategy Fund seeks to replicate the performance of the Dow Jones-AIG Index through the purchase of swap agreements. The fund invests in commodity-linked derivative instruments and a portfolio of short-maturity fixed income securities.