Trend, Unwind, Repeat: A Year-To-Date Review of Managed Futures with KMLM

A KraneShares webinar in which CIO Brendan Ahern speaks with Jerry Prior and David Aspell of Mount Lucas Management, sub-advisor to the KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM), about the fund's year to date. The description frames the first half as two acts: a first quarter of Iran war, an oil spike and a simultaneous stock and bond selloff, then a second-quarter reversal in which crude fell on ceasefire optimism, a hawkish Federal Reserve under new Chair Kevin Warsh lifted the dollar and gold gave back part of its January highs. The session covers how the strategy adjusted through both, its performance relative to the S&P 500 and other managed futures strategies, a

1. The description says KMLM's year-to-date performance tracked competitively with the S&P 500 at around 20%, with a strong trailing one-year return versus similar strategies.
2. The managers argue the fund's negative correlation to equities makes it a differentiated diversifier when the traditional 60/40 framework is under pressure.
3. Coverage includes current positioning across energy, currencies and global bonds heading into the second half of the year.
4. The webinar offers one CFP/CIMA credit and a Q&A, with questions submitted by email in advance.