LOIM commodities expertise recognised with two Lipper Fund Awards

For the fourth year in a row, our Commodities team has won prized LSEG Lipper Fund Awards for consistently strong risk-adjusted performance over long-term horizons.

Ranking first over five- and 10-year periods in the Commodity Blended category, the team demonstrates the deep expertise in liquid alternatives and systematic execution within LOIM. From 2023 to 2026, it has prevailed in the same category over 10-year horizons.

The team’s long-only approach provides exposure to commodities in the energy and metals sectors with the goal of generating superior risk-adjusted returns over economic cycles relative to traditional indices, such as the Bloomberg Commodity ex Agri & Livestock index. 

“Seeking consistency in process, risk control and performance throughout market cycles is fundamental to what we aim to do within the team, and we believe these awards over four successive years reflect this ongoing effort. Such recognition further encourages us to remain committed to our philosophy, research and disciplined approach while continuing to look for new ways to add value for clients.”
Laurent Joué, Head of Systematic Alternatives and Lead Portfolio Manager at LOIM

Commodities exposure for the technological and energy transitions

The team’s commodities expertise also underpins our Transition Materials strategy. The long-only, futures-based approach invests in metals and bio-based materials – such as copper, silver, tin and lumber – that are essential to the transformation of the energy and materials systems.

With energy security a clear imperative amid today’s volatile geopolitics, the ability to use electrification technologies for generating, storing and distributing power without dependence on foreign suppliers is attractive. However, building those systems requires critical materials from specific regions of the world, resulting in high demand that investors can capitalise on. 

For instance, about 50%¹ of the world’s sulphur supply passes through the Strait of Hormuz. This resource is essential for producing sulphuric acid, a key input in refining copper, which is a material that underpins solar power, wind energy, battery storage and smart-grid infrastructure. Sulphur is also essential to preparing nickel and zinc, which are key to batteries and protecting wind, solar and renewables infrastructure respectively. 

The Iran war is likely to incentivise countries and companies to expand strategic stockpiling programmes for transition materials. In our view, this provides structural support for a commodities exposure that diversifies from traditional oil and gas allocations.