CMG Capital Launches Global Macro Strategy Fund
CMG hit the market last month with its third alternative mutual fund: The CMG Global Macro Strategy Fund (MUTF: PEGAX ). The fund pursues its investment objective of capital appreciation by investing in global currency, government bond and equity markets. CMG Capital Management’s President and Chief Compliance Officer PJ Grzywacz and Head of Due Diligence and Investment Research Michael Hee are responsible for the day-to-day operations of the fund as its portfolio managers. Multi-Factor Approach CMG’s new fund combines a global macro strategy with a fixed-income strategy. The global macro strategy uses multiple factors and quantitative techniques to analyze macroeconomic and financial indicators to determine long and short positions to capture returns related to trends in currency exchange rates, equity indices and government bonds. The fixed-income strategy invests in investment-grade bonds and is designed to generate interest income, capital appreciation, and diversify returns from those of the global macro strategy. The fund’s strategy is “global” in that, under normal circumstances, it invests at least 40% of its assets in companies domiciled outside the United States. While the global macro strategy seeks exposure to foreign currency, equity index and government bond-linked securities, funds, and/or derivatives, it achieves these exposures by investing in limited partnerships, limited liability companies, pooled investment vehicles, and underlying funds. These underlying funds may include currency-, equity-, and government-bond-linked ETFs, mutual funds, futures, and swap contracts. Fund Details The CMG Global Macro Strategy Fund is “non-diversified,” which means it can invest a greater percentage of its assets in one issuer than a “diversified” fund can. Shares of the CMG Global Macro Strategy Fund are available in A (PEGAX) and I (MUTF: PEGMX ) classes. Investment management fees are 1.00%. The A shares have a 2.85% net-expense ratio and a $5,000 minimum initial investment. The I shares have a 2.60% net-expense ratio and a $15,000 minimum initial investment. For more information, view the fund’s prospectus . Jason Seagraves contributed to this article.