Opalesque Industry Update - After a difficult first half of
the year the UCITS HFS Index reverses its negative trend in July 2011 and
reports a monthly performance of +0.27%. July started off very positively
with gains of +0.62% in the first week of trading, being the only positive
weekly return of the month though. While the second week was nearly flat
with a loss of -0.01%, the third week saw the UCITS HFS Index lose -0.32%.
As the last week of trading was quiet from a broad index perspective again
with a minor loss of -0.02%, the UCITS HFS Index was able to finish July on
an overall positive note. Of all funds tracked in the broad UCITS HFS Index
45.78% were positive in June 2011. From a sub-strategy perspective the top performers in July were CTA (+2.80%), Credit (+1.15%), and Fixed Income (+0.41%). All three of them only reported losses in the third week of the month, as all sub-strategies were negative that week. The worst performing strategies in July were Convertible (-1.00%), Event Driven (-0.80%) and Currency (-0.31%). Despite having started strongly into the month, these strategies started to under-perform after that, turning negative in the second half of July. It is noteworthy that Convertible, the best performing strategy in the first Quarter of 2011, has lost its way lately and turned negative from a year to date perspective (-0.20%). As a matter of fact ten out of the eleven sub-strategies of the UCITS HFS Index are negative in 2011, the only positive performer being Credit so far (+0.92%). Therefore it is no surprise that the UCITS HFS Index still is negative in 2011 and now stands at -1.89% from a year to date perspective.
(press release)
The indices are calculated on every friday and at the end of each month by
the index calculator Structured Solutions AG. The results are published by
the index advisor 2n20.com AG on the website www.ucitsindex.com and via the
usual vendors. Corporate website: Source>br>
PD
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Industry Updates
UCITS HFS Index starts positive into second half of 2011, up +0.27% in July
Friday, August 05, 2011
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