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%.
UAI Blue Chip
Number of funds and AUM