Florian Guldner, Opalesque Research:
'Alternatives Alternatives' investment funds saw small gains last month, according to an estimation based on 719 single- and multi-manager funds currently listed in 25 categories in the Opalesque Solutions A SQUARE Fund Database (Source).
The Opalesque A SQUARE Index rose* 0.53% in September, resulting in a year-to-date performance of 3.34%. Estimates for August and July were corrected to +0.84% and +2.09%, respectively.
The A SQUARE Funds of Funds Index lost 0.57%, bringing the year-to-date result to -0.72%.
- Base & precious metal strategies were the top performer in September with an average gain of 6.57%, followed by credit (+2.01%) and structured finance (+1.82%) funds. Real estate funds gained 1.10%.
- Negative results were posted by agriculture (-4.00%) and all-commodity (-0.16%) strategies.
- Year-to-date, the ranking is led by agriculture (+22.59%) and real estate (+14.22%). Credit and structured finance funds had a good year 2012 too, with average gains of 9.19% and 10.44%.
A SQUARE database weighting by asset classes
Over the last 12 months, the A SQUARE Index had 6 negative and 6 positive months, and gained 1.87%. The A SQUARE Funds of Funds Index was flat (+0.07%) in the same period.
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