Neuberger Berman Group has launched the Neuberger Berman Risk Balanced Commodity Strategy Fund (NRBAX, NRBCX, NRBIX), an active, diversified commodity investment strategy that includes exposure across 25-30 commodities across six industry sectors.
The fund's lead portfolio managers are Wai Lee, chief investment officer, director of research, Quantitative Investment Group, and Hakan Kaya, vice president.
"We believe commodities can play a role in most long-term investors' portfolios," stated Kaya. "In the long run, the return potential through different parts of the business cycle, coupled with the potential inflation hedging properties and the ability to track economic growth, make them a good portfolio diversifier for traditional equity and fixed income investments.''
The new offering is the fourth in the firm’s series of alternative mutual funds that include the Neuberger Berman Global Allocation Fund, Neuberger Berman Long Short Fund and Neuberger Berman Absolute Return Multi-Manager Fund.