Opalesque Industry Update - The UCITS Alternative Index Global starts the year on a positive note with a progression of 1.03%. The UCITS Alternative Funds of Funds Index performs even better advancing by 1.31%. Nine out of 11 strategies return positive performances this month: with a gain of 1.98% the UAI Long/Short Equity is the best performing index. The UAI CTA records its third consecutive month of gain, up 1.96%. The other best UAI performers are the UAI Emerging Markets (up 1.69%), the UAI Multi-Strategy (up 1.28%) and the UAI Commodities (up 0.80%). On the negative side, the UAI Volatility is down -1.41% while the UAI Event-Driven retreats by -0.15%.|
UAI Blue Chip:
In January 2013, the UCITS Alternative Index Blue Chip progressed by 1.18%. The Index benefits from positive performances across most of its strategy buckets. Long/Short Equity, Multi-Strategy and Macro each contribute 20bp to the Index monthly performance. The Volatility and Commodities buckets were negative contributors on average.
A majority of UAIX outperform their UAI counterparts this month. The UAIX CTA is the best performer with 2.63%, leading the way in front of the UAIX Long/Short Equity, up 2.13% and the UAIX Emerging Markets, up 1.65%. The UAIX Macro, FX, Fixed Income and Volatility all outperform their benchmarks in January, as opposed to the UAIX Commodities which loses -0.09% in absolute terms.
In 2012, all the UAIX indices beat their respective UAI benchmarks. The UAIX that most outperformed their benchmarks over the period were the UAIX Volatility, which outperformed the UAI Volatility by 7.76%, and the UAIX Macro which outperformed the UAI Macro by 4.18%.
AUM and number of funds:
In 2012, all strategies attracted assets. Fixed Income recorded the largest inflows, followed by Multi-Strategy and Macro. In January 2013, the total assets managed by single UCITS hedge funds increased to EUR 141 billion in 2013. The UCITS Alternative Index is currently composed of more than 880 constituent UCITS hedge funds and funds of hedge funds.
Performance table: www.ucits-alternative.com