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UCITS HFS Index continues downward trend with -0.36% in April (+1.83% YTD)

Wednesday, May 09, 2012
Opalesque Industry Update - The UCITS HFS Index declined in value for the second time in 2012 by posting a loss of -0.36% in April. In the first week of trading the broad UCITS HFS Index experienced a small setback of -0.03%, however, the second week was the major driving force behind the negative performance of April 2012 leading to a loss of -0.33% during that week. Performance-wise week three resembled week one as the broad UCITS HFS Index took a small loss of -0.05%. It was only in week four that the UCITS HFS Index was able to catch up some of the earlier weeks’ losses by gaining +0.05%, not enough though to end the month on a positive note.

From a sub-strategy perspective only two out of the twelve strategies posted positive returns in April, compared to three strategies with positive returns in March. The best performing strategies were Credit (+0.41%) and Fixed Income (+0.35%), both of which had been positive in March as well. Credit gained throughout April with the exception of week two, where it lost -0.12% and Fixed Income managed to have a positive performance in the first and last week of April, loosing -0.19% in week two and -0.01% in week three. The three worst performing strategies were Convertible (-1.12%), Commodity (-0.88%) and Global Macro (-0.78%). While Commodity lost money in three out of four weeks, Global Macro earned positive returns in two out of four weeks. Convertible, however, was negative throughout the whole month of April, its largest setbacks being week one (-0.34%) and week two (-0.35%). From a year to date perspective the broad UCITS HFS Index now stands at +1.83% in 2012.

(press release)

About the UCITS HFS Index
The UCITS HFS Index Series is the first index family that tracks all UCITS funds using hedge fund strategies. The UCITS HFS Index Series includes all UCITS III funds that apply absolute return strategies, have more than 10 Mio. € of assets under management, offer at least weekly liquidity and have reported numbers for more than one month. Index tracking funds, long-only and 130/30 strategies are excluded.

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 AG on the website and via the usual vendors.


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