Mon, Sep 26, 2016
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. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  2. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  3. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  4. Hedge funds saw four consecutive months of outflows in August, but assets still up by $17.6bn YTD[more]

    Komfie Manalo, Opalesque Asia: Hedge funds witnessed four consecutive months of outflows with investor redemptions totaling $23.8bn as of end of August, data provider Eurekahedge said in its monthly report. But total hedge fund assets grew by

  5. Trend reversals lead to losses as managed futures drops 1.52% in August[more]

    Komfie Manalo, Opalesque Asia: Trend reversals in August have led managed futures traders to lose 1.52% last month according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.62% year to dat