Mon, Oct 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS Alternative Index Global was down -0.33% in July (+0.61% YTD)

Tuesday, August 05, 2014
Opalesque Industry Update - UCITS absolute return funds are slightly down in July with the UAI Global index losing 0.33%. The worst performances are found among the commodity and equity focused funds that got affected by the difficult conditions of their underlying markets (-4.99% for the DJ UBS Commodity Index and -1.67% for the MSCI World).

The UAI Commodity loses -1.45% in July while the UAI Long/Short Equity is down -0.66%, the UAI Event Driven down -0.59% and the UAI Equity Market Neutral down -0.45%. On the positive side, the best performance is achieved by the UAI Emerging Markets up 0.56% thanks mainly to the Chinese focused long/short equity funds. UCITS absolute return fixed income funds are the best performing ones since the beginning of the year with an average progression of 1.57%. Funds of funds lose -0.20% in July bringing their year to date performance to 0.28%.

UAIX Indices
UAIX single strategy indices post mixed results in July. Half of them return positive performance with the UAIX CTA clearly outperforming all other UAIX indices with a progression of 1.78% for the month. It is followed by the UAIX Emerging Markets up 0.81%. On the negative side the UAIX Commodities and the UAIX Long/Short Equity return the worst results with -2.55% and -1.38% respectively. The two UAIX fixed income focused indices are also among the worst performing ones in July with -0.57% for the UAIX FI Developed Markets and -0.35% for the UAIX FI Global index. The UAIX CTA is now the best performing strategy index since the beginning of the year up 2.80%. It is followed by the UAIX Event-Driven up 2.16%.

UAI Blue Chip
The UAI Blue Chip is down -0.14% in July. In line with the broad market the best performing strategies within the UAI Blue Chip index are CTA, Emerging Markets and Volatility up on average 1.34%, 0.72% and 0.65%. On the negative side the worst performing funds are found among Commodities, Event-Driven and Long/Short Equity funds, the latter being responsible for -14bp of the monthly performance. The UAI Blue Chip is up 0.22% since the beginning of the year.

Number of funds and AUM
Assets managed by UCITS absolute return funds advance by more than EUR 2 billion in July to reach EUR 237 billion. Fixed Income and Long/Short Equity funds record the largest growth of assets with EUR 2.3 and 1.3 billion. On the negative side the largest relative asset drop is recorded by commodities funds with a 10% decrease which brings the total assets managed in this particular strategy to EUR 1.19 billion. Since the beginning of the year UCITS absolute return fund’s assets have grown by 25%.
km

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad