Florian Guldner, Opalesque Research:
'Alternatives Alternatives' investment funds had a positive month of December, according to an estimation based on 633 single- and multi-manager funds currently listed in 25 categories in the Opalesque Solutions A SQUARE Fund Database (Source).
The Opalesque A SQUARE Index gained* 0.63% last month, bringing its 2012 return to +2.92%. Estimates for November and October were corrected to -0.09% and -1.07%, respectively. The A SQUARE Funds of Funds Index lost 0.25% in December and 1.81% in 2012.
- Environmental investment strategies performed best in December with an average gain of 5.66%. Credit (+2.19%) and structural finance (+1.45%) strategies posted solid returns, as well as funds investing in energy (+1.66%), collectibles (+1.48%), insurance-linked securities (+1.27%) and real estate (+1.26%).
- Most commodity-focused strategies saw losses, led by base & precious metals (-2.86%) and agriculture (-2.69%) traders. All-commodity strategies lost 0.14%.
- In 2012, the best performing asset classes were agriculture (+14.6%), as well as real estate (+15.0%), infrastructure (+11.9%), structured finance (+14.5%) and credit (+11.37%). Negative results were posted by base & precious metals (-13.4%), all-commodity (-2.6%) and energy strategies (-0.68%).
A SQUARE database weighting by asset classes
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