UCITS Index Recovers Lost Ground, Gains 0.51% in Second Week of July.

Jul 15 2015 | 12:11pm ET

The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, rose 0.51% in the week ending July 15, according to new data from Switzerland-based index provider Hedgeanalytics AG. 

The gain reverses the 0.25% loss experience in the first week of the month and brings the index to a gain of 0.91% for the year to date.

Eights of the company’s UCITS substrategy indices were positive for the period, led by the UAIX Emerging Long/Short Equity Index and the UAIX Long/Short Equity Index, which were up 1.86% and 0.90%, respectively, during the week. The emerging market index was helped by the bounce in Chinese shares following sharp declines in June. 

Multi-strategy and Event-driven UCITS funds were only slightly positive, with the UAIX Multi Strategy Index and the UAIX Event Driven Index up 0.15% and 0.16%, respectively, while Equity Market Neutral, Macro, Volatility and FX indices were all up between 0.28% and 0.86% for the period. 

On the negative side, UAIX indices tracking Commodities was down 0.50%, Fixed Income (developing and global) down 0.04% and 0.09%, and CTAs down 0.86%. The CTA loss comes on the heels of a 1.86% decline in June, although the UAIX CTA Index remains marginally positive for the first half, up 0.91%. 

Conversely, the loss in the UAIX Commodities Index pushed that measure’s YTD decline to 4.75%, the only one of the twelve in negative territory. Meanwhile, due to the sharp gains earlier in  the year, the UAIX Emerging Market Index leads the pack in terms of first-half performance, up 5.38%.

The UCITS Alternative Index series benchmarks the UCITS absolute return funds universe, tracking the performance of both global and strategy specific UCITS absolute return funds.


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