Opalesque Industry Update: ML Capital Asset Management, the investment manager and promoter of the MontLake UCITS platform, has released the 5th edition of the quarterly ML Alternative UCITS Barometer (ML Barometer). |
The Barometer is designed to help identify and anticipate key trends in the demand for the major strategies within the Alternative UCITS sector.
ML Capital surveyed a diverse range of 50 active investors in Alternative Investments, who collectively manage over Eur 80 billion and today invest upwards of Eur 30 billion of those assets into Alternative UCITS. Questions are aimed at discovering their forthcoming strategy allocations and the same respondents are questioned each quarter, in order to track asset flows between UCITS strategies.
- Allocations to CTA's and Global Macro strategies are once again the biggest winners of this quarter's barometer with a strong bias toward Global Macro-Discretionary funds. With 54% of respondents looking to increase their exposure to Global Macro-Discretionary, this strategy is currently the most popular.
- There is also considerable demand this quarter for equity managers, with a preference for Global and US managers. Indeed all equity strategies have seen a rise in demand excluding Japanese and Latin American strategies.
- Global Emerging L/S is once again the preferred equity strategy this quarter with 52% of respondents looking to increase exposure. This is in sharp contrast with Latin American strategies, where it is noted that only 15% of investors were willing to increase their allocations.
- The biggest losers this month are European L/S and UK L/S strategies. However we have noted a stabilisation in the reduction of exposure to UK L/S and some respondents increasing their allocation for the first time in 3 quarters.