Alix Capital, the Provider of the UCITs Alternative Index, has launched a new index, the UCITs Alternative Index Blue Chip.
According to the firm, the Blue Chip Index aims to give a fair, reliable and unbiased representation of the money invested in UCITs hedge funds. The index is composed of the 50 most representative UCITs hedge funds currently open for investment. The funds included in the index are selected following transparent, rule based and replicable selection criteria.
"There has been a huge demand from industry participants such as investment banks, asset managers and consultants for an index that fairly represents the allocation of investor money into the UCITs hedge fund space,” said Louis Zanolin, CEO of Alix Capital. “After months of research we are pleased to publicly release what we believe will rapidly become the leading UCITs hedge fund Index tracking investor's monies true allocation."
The Index is constituted of 50 equally weighted UCITs hedge funds from 10 strategies. Only UCITs hedge funds with the largest assets under management in each strategy and are still open for investment are considered for inclusion in the Blue Chip Index.