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Alternative Market Briefing

'Alternative Alternatives' investment funds lost 0.52% in February (+0.48% YTD)

Tuesday, April 02, 2013

Florian Guldner, Opalesque Research:

'Alternative Alternatives' investment strategies experienced losses in February, according to an estimation based on 623 single- and multi-manager funds currently listed in 25 categories in the Opalesque Solutions A SQUARE Fund Database (Source).

After starting the year 2013 with significant gains, the Opalesque A SQUARE Index declined 0.52% in its second month, resulting in a year-to-date performance of +0.48%. Estimates for January and December were corrected to +1.01% and +0.58%, respectively. The A SQUARE Funds of Funds Index lost 0.28% in February and is up 0.81% in 2013.

  • The negative result in February was mainly driven by significant losses in the commodity investment sector, which accounts for approximately 45% of the total index weighting: Base & precious metals traders lost 9.83%, followed by all-commodity (-3.46%) and energy (-1.56%) strategies.

  • All other asset classes delivered flat-to-positive results, led by exotic ETF strategies with an average gain of 2.95%; funds with an environmental investing focus were up 1.52%. Infrastructure (+1.49%) and real estate (+1.36%) funds continued their positive trend in February, as well as collectibles investors with a gain of 1.11%.

  • Over the first two months this year, the top performing asset classes were exotic ETFs (+6.80%), infrastructure (+9.77%) and real estate (+2.23%),......................

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