UCITS Alternative Index Up 0.43% For Third Week of July

Jul 22 2015 | 4:47pm ET

The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, gained 0.43% in the week ending July 21, according to new data from Switzerland-based index provider Hedgeanalytics AG. 

The result reverses losses in July’s first two weeks and brings the index back into the green for the month, up 0.24%. For the year to date, it is up 2.34%, just under the 2.43% it booked during all of 2014.

In terms of substrategies, all but three booked positive results during the period. CTAs, which have been under severe pressure since the end of the first quarter, rebounded strongly in the week, up 2.27%, followed by gains in UAIX Multi-Strategy, up 0.77% and UAIX FX, up 0.66%. 

Of the three subindices that were negative, the UAIX Volatility Index was the worst, down 0.67%, followed by UAIX Event-Driven, down 0.17% and UAIX Commodities, down 0.16%. 

The loss pushed the year-to-date loss for UAIX Commodities down to -4.90%. It is the only substrategy to be in the red so far for the year. 

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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