In the Margins

Oppenheimer to shut 20-year-old commodities fund

May 12, 2016

By The Wall Street Journal

OppenheimerFunds Inc. is shutting down its nearly 20-year-old commodities fund following years of losses and underperformance. The firm will liquidate the $269 million Commodity Strategy Total Return Fund in mid-July. “We continue to believe in the merit of an investment strategy that includes exposure to commodities; but as investors’ appetite for this asset class has evolved over time, we believe such a strategy can best be implemented as a component of diversified multi-asset portfolios,” Mark Hamilton, CIO of asset allocation, said. Read the original story from The Wall Street Journal.

 

 

Most Read

10 Things
10 Things...to ask about investing in China

Investing in China is complex, whether a mutual fund offers direct exposure to China and the region or provides access via Chinese companies' U.S.-listed American depositary ...