Opalesque Industry Update - |
The UCITS Alternative Index Global loses 0.40% in August 2013, bringing its year to date performance to 1.34%. Funds of absolute return funds are also down this month (-0.66%) but still up 1.68% for the year. Only two strategy indices are positive in August: the UAI Commodities Index up 0.63% and the UAI Event-Driven up 0.09%. On the negative side the UAI CTA returns the worst monthly performance with -1.42% bringing its year to date performance to -1.92%. Despite its negative performance in August the UAI Long/Short Equity is still the best performing strategy since de beginning of the year with 5.27%. It is followed by the UAI Event-Driven (up 1.84%) and the UAI Multi-Strategy (up 1.50%). As of the end of August, five out eleven strategy indices display positive performances for the year.
UAI Blue Chip:
The UAI Blue Chip is down -0.33% for the month after gaining 1.20% in July and is now up 1.58% for the year. The best performing strategy buckets this months are Fixed Income (up 0.27%) and FX (up 0.11%) while Commodities funds return the lowest performance with -2.21%. Fixed Income and Volatility funds are the only 2 strategies that have provide a positive contribution this month while Multi-Strategy and Emerging Markets are the most important performance detractors with respectively -15bp and -11bp.
Only three out of elven UAIX indices end the month with positive performances. The best performing strategy index are the UAIX Long/Short Equity (up 0.37%), followed by the UAIX CTA with (up 0.23%) and the UAIX Event Driven (up 0.10%). The UAIX Long/Short Equity is also the best performing strategy index for the year with 7.74%. It is followed by the UAIX Event-Driven (up 4.23%) and the UAIX Multi-Strategy (up 2.10%).
AUM and number of funds:
The total assets managed by single UCITS hedge funds increased to EUR 172 billion at the end of August. The UCITS Alternative Index is currently composed of more than 870 UCITS absolute return funds and funds of funds.
The UCITS Alternative Index series is the industry's leading benchmark for the UCITS absolute return funds universe. The UCITS Alternative Index series of indices track the performance of both global and strategy specific UCITS absolute return funds. Index rules and statistics are accessible on the UCITS Alternative Index website www.ucits-alternative.com. UCITS Alternative Index is a registered trademark. Alix Capital is the exclusive Index Provider to the UCITS Alternative Index.