PAM MFSP Weekly Update – 5 December 2025
2025/12/5 Weekly Update
Performance Overview
As of December 5, MFSP A and B posted weekly performances of -0.36% and -0.52%, respectively. Month-to-date returns stood at -0.36% and -0.52%, while year-to-date returns 9.09% and 6.99%.
Sector Analysis and Attribution
Metals (Positive): The Metals sector remained a primary source of resilience for the portfolio. Long positions in Silver and High Grade Copper were among the top contributors respectively. Tin and standard Copper long positions also contributed positively.
Fixed Income: The Interest Rates sector showed divergent results. Short positions in Australian Government Bonds (10-year and 3-year) performed well. However, long positions in US Treasuries (10-year and 5-year T-notes) acted as a drag.
Agriculturals: This sector was the significant laggard for the week. A long position in Soybeans was the largest single detractor, followed by losses in Soybean Meal. Conversely, short positions in Sugar no. 11 and Corn provided some offset with positive returns.
Equities: The fund maintained a net long position in equities. A rebound from the semiconductor sector delivered solid performance, helping to offset some of the losses sustained in other commodity sectors.
The report is prepared for general information purpose only. Progressive Global Investment Advisor Limited has provided adequate opinions and news based on reliable information or sources, but does not guarantee the completeness of the source of data. Please contact us immediately if there is any omission or oversight, to which Progressive Global Investment Advisor or any of its affiliates, including any of its directors and employees shall not bear any legal liabilities. Should investors make investment based on the report, it should bear all profit and loss. This report is intended solely for the recipient. Without consent of the Company, it may not be copied, duplicated, passed on or disclosed to any other person.
