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Objective & Strategy |
- An actively managed index which takes long only positions on 25 commodities, diversified among energy, metals and agriculture
- The underlying strategy combines the strengths of discretionary and systematic management techniques
- Discretionary input is provided by a specialist commodity firm Tiberius Group while BNP Paribas ensures management transparency and mitigates concentration risk
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| Graph Index Vs Benchmark |
*To see the index on an Total Return basis, please click here
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| Quotations |
BLOOMBERG:
Excess Return index: <KMACER Index>
Total Return index: <KMACTR Index>
REUTERS:
Excess Return index: <.KMACER>
Total Return index: <.KMACTR> |
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| Index Map |
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| Key: |
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Global |
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Europe |
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US |
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Asia/Pacific |
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Japan |
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Emerging Countries |
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Commodities |
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| Track Record |
Last update: 02/01/2009
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PERFORMANCES
| Sliding |
YTD |
6M |
1Y |
3Y* |
| BNP Paribas COMAC |
+0.60 % |
-39.85 % |
-25.64 % |
+7.86 % |
| DJ AIG |
+2.19 % |
-49.06 % |
-35.23 % |
-10.99 % |
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* annualized performance : working days / 252
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| Annual |
 |
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2006 |
2007 |
| BNP Paribas COMAC |
+35.04 % |
+24.72 % |
| DJ AIG |
-2.71 % |
+11.08 % |
| Annual * |
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2006 |
2007 |
| BNP Paribas COMAC |
+35.04 % |
+24.72 % |
| DJ AIG |
-2.71 % |
+11.08 % |
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* annualized performance : working days / 252
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RISK INDICATORS
| 3Y * |
Beta |
Annualized volatility |
Sharpe ratio |
Max drawdown |
Time to recovery |
| BNP Paribas COMAC |
+0.79 |
+19.97 % |
+0.39 |
-45.61 % |
-
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| DJ AIG |
- |
+21.41 % |
-0.11 |
-55.41 % |
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* annualized performance : working days / 252
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| Since inception * |
Beta |
Annualized volatility |
Sharpe ratio |
Max drawdown |
Time to recovery |
| BNP Paribas COMAC |
+0.79 |
+19.60 % |
+0.35 |
-45.61 % |
-
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| DJ AIG |
- |
+21.23 % |
-0.12 |
-55.41 % |
-
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*Inception date: 03/10/2005.
Performances calculated on a Excess Return basis (USD).
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| COMPOSED BY |
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| CALCULATED BY |
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The scenarios and simulations contained in this brochure are for illustrative purposes only. Analyses and forecasts are no indicators of future results. These assumptions are estimates based on the recent performance of the products described therein. In general, simulations are based on a number of working assumptions that may not be capable of duplication in actual trading terms. Simulated performance results have certain inherent limitations. Unlike actual performance record, simulated returns do not represent actual trading returns. Since these are hypothetical scenarios, the results may not necessarily reflect certain market factors such as liquidity constraints, fees schedules and transaction costs.
BNP Paribas is the issuer of this document. It does not, nor is it intended to, constitute a financial promotion or an offer to acquire, or solicit an offer to acquire any securities. Although the information in this document has been obtained from sources which BNP Paribas believes to be reliable, BNP Paribas does not represent or warrant its accuracy and such information may be incomplete or condensed. Any person who receives this document agrees that the merits or suitability of any such transaction or securities to such person’s particular situation will be independently determined by such person, including consideration of the legal, tax, accounting, regulatory, financial and other related aspects thereof. In particular, BNP Paribas owes no duty to any person who receives this document (except as required by law or regulation) to exercise any judgement on such person’s behalf as to the merits or suitability of any such transaction or securities. All estimates and opinions included in this document constitute the judgement of BNP Paribas as of the date of the document and may be subject to change without notice. BNP Paribas and its affiliates may, from time to time, effect or have effected an own account transaction in, or make a market or deal as principal in or for, the securities mentioned herein, or in options, futures and other derivative instruments based thereon and may, to the extent permitted by law, have acted upon or used the information herein contained, or the research or analysis upon which it is based, before its publication. BNP Paribas will not be responsible for the consequences of reliance upon any opinion or statement contained herein or for any omission. This document is confidential and is being submitted to selected recipients only. It may not be reproduced (in whole or in part) or delivered to any other person without the prior written permission of BNP Paribas.© BNP Paribas (2008). This document was produced by a BNP Paribas Group Company.
The BNP Paribas COMAC Index (the "Index") is the exclusive property of the BNP Paribas (the "Index Sponsor"). BNP Paribas Arbitrage SNC (the "Calculation Agent") and the Index Sponsor do not guarantee the accuracy and/or completeness of the composition, calculation, publication and adjustment of the Index, any data included therein, or any data from which it is based, and the Calculation Agent and the Index Sponsor shall have no liability for any errors, omissions, or interruptions therein. The Calculation Agent and the Index Sponsor make no warranty, express or implied, as to results to be obtained from the use of the Index. The Calculation Agent and the Index Sponsor make no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall the Calculation Agent and the Index Sponsor have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. For detailed information regarding the Index Sponsor and the Caluclation Agent, please refer to www.bnpparibasindex.com.
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