Industry Updates

UCITS HFS Index takes forth monthly loss in a row, down -0.09% in June (+1.02% YTD)

Monday, July 09, 2012

Tweet
Print
Email
Track Keywords

Opalesque Industry Update - The UCITS HFS Index continues its downward trend with a loss of -0.09% in June 2012 after it already dropped -1.40% from March till May 2012. The loss this month is attributable to the first two weeks of trading in which the UCITS HFS Index took losses of -0.31% and -0.22%. Although the performance of the broad index turned around in week three with gains of +0.30%, week four started negative, only turning positive (+0.14%) after a strong last day of trading. Still this was not enough to turn the June result positive from a month to date perspective. From all funds tracked 51.26% posted positive returns in June 2012.

From a sub-strategy perspective seven out of the twelve sub-strategies returned profits in June. The best performing strategies were Convertible (+1.01%), Credit (+1.00%) and Global Macro (+0.85%), all of them outweighing minor early losses from the beginning of the month with respectable gains in the second half of June. Credit and Fixed Income are the only two strategies with back to back positive monthly results in 2012, accumulating now seven positive months. They stand at +4.52% and +2.93% from a year to date perspective. The three worst performing strategies in June were CTA (-3.35%), Commodity (-1.34%) and Event Driven (-0.92%). While the first two lost money week after week, Event Driven was able to post small positive returns in week three of June, before taking a major hit in the last week of trading. From a year to date perspective the broad UCITS HFS Index now stands at +1.02% 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...Full performance table:Source

Article link