UCITS Alternative Index Dips Slightly For Second Straight Week, Remains Up 0.27% MTD

Aug 19 2015 | 3:54pm ET

The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, had a second consecutive period of marginal losses, according to new data from Switzerland-based index provider Hedgeanalytics AG.

The index dipped 0.05% in the week through August 18, following an 0.06% loss in the prior week. The result brings the index to a gain of 0.27% for the month so far and 2.17% year to date. 

Five of the measure’s twelve strategy components were positive for the period. The UAIX Long/Short Equity Index led the pack, up 0.71%, followed by CTAs, up 0.54% and Volatility, up 0.34%. Equity Market Neutral and Fixed Income Global were marginally in the green. 

Loses for the week were led by a whopping -1.30% loss by the UAIX Event Driven index. The group’s Macro measure lost -0.99%, while Multi Strategy, FX and Emerging Market strategies fell -0.27%, -0.37% and -0.27%, respectively. 

The UAIX Fixed Income Developed Markets, in contrast to its Global counterpart, booked a slight loss of -0.04%. Commodities, however, were whacked 0.54% as the Chinese devaluation rocked commodities markets once again. 

For the year to date, The UAIX Multi Strategy component remains in the lead, up 4.63%, followed closely by CTAs, up a flat 4%, and Long/Short Equity, up 3.79%. 

The UAIX Commodities Index, however, remains the group’s worst performer so far this year, down -6.36% YTD. The only other strategy in the red for the year to date is Event Driven, with the index now down -1.87% following this period’s loss.

The UAIX 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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