Eaton Vance Management has launched the Eaton Vance Commodity Strategy Fund, which will take long and short positions in fixed income instruments, including derivatives, with the Dow Jones-UBS Commodity Index Total Return Index as its benchmark.
The fund will also invest in global inflation-linked bonds and emerging markets bonds. Armored Wolf is the fund’s sub-advisor, with the firm’s Chief Investment Officer John B. Brynjolfsson acting as co-manager.
“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,” said Eaton Vance Chief Income Investment Officer Payson Swaffield. “John is regarded as one of the leading authorities on commodity-based and real-return investing—an asset class that may offer valuable diversification benefits for investors.
“Record U.S. borrowing has driven fears that higher inflation could return,” Swaffield continued. “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.”
Before joining Armored Wolf, Brynjolfsson spent 19 years specializing in real-return strategies at Pimco.