Neuberger Berman Expands UCITS Range With New Commodities Fund

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London, April 4 2022 — Neuberger Berman, a private, independent, employee-owned investment manager, has launched a new UCITS commodities fund.

The Neuberger Berman Commodities Fund is run by a highly experienced New York-based Senior Portfolio Manager Hakan Kaya, PhD, and will be supported by five others within the investment team.

Neuberger Berman has managed a diversified commodities strategy since May 2010, and Kaya has managed the Neuberger Berman Commodity Strategy in the US since inception.

Utilising commodity-related financial derivative instruments, the fund aims to provide an attractive level of total return and capital appreciation, by seeking exposure to a broad range of commodities across various global sectors, such as energy, metals, agriculture and livestock.

Hakan Kaya, Senior Portfolio Manager at Neuberger Berman, says: “The green energy transition has given the commodities market huge structural tailwinds. As political leaders look to meet their net-zero commitments, the demand for commodities will intensify, not only to supply clean energy but also the infrastructure to facilitate this new change.

“Interestingly we’re seeing scarcity across the commodities complex due to intense supply fragilities coupled with strong demand. This creates largely positive roll yields in the commodities complex while the index has moved into positive roll yield territory, a characteristic that tends to be sticky and can boost existing price momentum.”

Jose Cosio, Head of Global Intermediary (ex US) at Neuberger Berman, adds: “Commodities can offer investors much-needed diversification and a highly effective inflation hedge. They have proved recently they are getting more powerful. When looking at the main indices versus a commodities index, commodities are outperforming - specifically against stock and bond sell-offs.

“While risk is currently elevated as a result of heightened inflation pressures and renewed global geopolitical tensions, due to their low correlation, allocations to commodities have historically proven effective in providing balance to investor portfolios during such periods at all levels of risk appetite.”

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman’s diverse team has over 2,400 professionals. For seven consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $447 billion in client assets as of March 31, 2022. For more information, please visit our website at www.nb.com.

Media Contact:

Fiona Kehily
Neuberger Berman
+44 (20) 3214 9087
Fiona.Kehily@nb.com