Architas' Rock adds to commodity funds as a hedge against inflation

Architas' Caspar Rock has bought exposure to physical commodities in the £33m Multi Manager Dynamic fund to hedge against rising inflation.

The firm’s deputy CIO has bought the PIMCO Commodities Plus fund in the last couple of months to provide exposure to futures contracts rather than just commodity equities. The Dynamic fund has 2.8% weighting in the PIMCO vehicle and around 2.7% in BlackRock World Mining, compared to Dynamic’s historical 2% weighting in commodity equity funds. Rock says: “The PIMCO fund gives diversified exposure to agricultural commodities, metals, and oil and gas. “The weighting to commodity funds has gone up but the key thing is we have diversified away from commodity equities into futures.” ...