The trust, which had a target closing date of the end of June 2011, is scheduled to be managed by Schroders NewFinance Capital, Schroders’ specialist absolute return multi-managers business.
It intends to outperform the DJ-UBS Commodity Total Return Index by 6-9% per annum net of fees over the course of an investment cycle.
The trust was first announced in April, since which point many commodity prices have dipped as investors grow uneasy over prospects for global growth.
"As a result of investor sentiment being uncertain about commodities, we are putting the launch on hold until commodity market volatility has subdued and sentiment improves,” a Schroders spokeswoman said.
