Opalesque Industry Update — The UCITS HFS Index continues its positive performance in 2013 with gains of 0.29% in March 2013. |
The broad index started positively into the month with a performance of 0.44% after the first full week of trading and added additional returns of 0.07% in week two. Things turned around in week three though as the UCITS HFS Index dropped -0.24%, but as the last week of the month was quiet with marginal gains of 0.02% the March performance remained positive. From all funds tracked in the UCITS HFS Index 64.86% reported profits in March 2013.
From a sub-strategy perspective ten out of the twelve sub-strategies reported positive results in March, the best performing being Convertible (0.82%), Event Driven (0.74%) and CTA (0.72%). While all three made most of their gains in the first week of trading and took losses in week three, Event Driven was the only one with only marginal losses in week three (-0.01%). The worst performing strategies in March were Commodity (-0.68%) and Global Macro (-0.06%). The latter reported decent gains in week one that it gave up week by week thereafter, until finally turning negative in the last days of March. Commodity on the other hand reported losses since the beginning of the month and only saw a marginal turn around in the last week of trading with gains of 0.01%. Fixed Income (0.18%) remains the only strategy to report 16 consecutive back-to-back positive monthly results in a row. From a year to date perspective the broad UCITS HFS Index now stands at +1.57% in 2013.
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 provider 2n20.com AG and are published on the website www.ucitsindex.com.