Industry Updates

UCITS HFS Index takes slight losses, down -0.30% in August, 1.27% YTD

Thursday, September 12, 2013

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Opalesque Industry Update - After a positive start into the second half of the year the UCITS HFS Index reports losses of -0.30% in August 2013. The broad index started positively into the month with gains of 0.29% in the first two days of August. The first full week of trading set the mood for the month though with losses of -0.08%. Things went down hill from there with further losses of -0.13% and -0.07% in week two and three respectively. While having turned slightly negative at that point of time, the UCITS HFS Index had to take its biggest weekly loss of -0.31% in the last week of trading, thus sealing its negative monthly result. From all funds tracked in the UCITS HFS Index only 38.92% reported profits in August 2013.

From a sub-strategy perspective two of the twelve sub-strategies reported positive results in August: Commodity (0.64%) and Event Driven (0.10%). While the later started strongly into the month and added some performance in week three, Commodity made most of its profits in the second and fourth week of trading. The three worst performing strategies were CTA (-1.12%), Fixed Income (-0.51%) and Multi Strategy (-0.41%). While CTA showed high volatility and took major losses in week two and four, Fixed Income was nearly flat at the beginning and end of the month and reported losses in week two and three. Multi Strategy on the other hand showed good results in the first days of trading, only to report losses shortly thereafter for the rest of the month. Four strategies remain negative in 2013 with Commodity still leading the field (-2.45%). From a year to date perspective the broad UCITS HFS Index now stands at 1.27% in 2013.

Press release

The UCITS HFS Index Series is the first index family that tracks all UCITS funds using hedge fund strategies. 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.

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