Opalesque Industry Update - UAI Benchmarks|
UCITS absolute return funds display a healthy monthly performance in February with a progression of 1.06% for the UAI Global Index. With the exception of two, all strategies are up for the month. Similar as in January the best performing one is Long/Short Equity up 2.14%. It is followed by CTA up 1.27% and by Event Driven and Emerging Markets both up 0.95%. With -0.28% and -0.08% Volatility and FX are the worst performing strategies in February. The UAI Long/Short Equity is the best performing index since the beginning of the year with an average progression of 2.05%. It is followed by the UAI Event-Driven and UAI Equity Market Neutral respectively up 1.07% and 1.00%.
Most UAIX strategy indices advance this month. The best performing ones are the UAIX Long/Short Equity up 2.80%, the UAIX Event-Driven up 2.44% and the UAIX Equity Market Neutral up 1.45%. These three indices are also the best performing once since the beginning of the year with progression of 3.15% for the UAIX Long/Short Equity and respectively 2.00% and 1.33% for the UAIX Equity Market Neutral and UAIX Event Driven. On the negative side the UAIX CTA is still lagging since the beginning of the year with a performance of -4.38%.
UAI Blue Chip
The UAI Blue Chip advances by 0.24% during the last week of the month and ends February up 0.64%. The best performing strategies this month are Event Driven up 3.52%, Long/Short Equity up 1.91% and Equity Market Neutral up 1.11% while Commodities, FX and Multi-Strategy return the worst results with -1.18%, -1.08% and -0.11%. The UAI Blue Chip is now up 0.16% since the beginning of the year.
Number of funds and AUM
The total assets managed in UCITS absolute return funds advances by EUR 12 billion in February and crosses the EUR 200 billion mark for the first time to reach EUR 207 billion. Fixed Income and Long/short Equity funds display the largest progression in absolute terms with monthly inflows of EUR 5.5 billion and EUR 3.1 billion respectively. In relative terms the largest progression is achieved by Event-Driven funds with an increase of close to 10% for the month. On the other hand and as a consequence of their recent poor performances Volatility fund assets drop by 7% to EUR 3.7 billion.