UCITS Alternative Index Up 1.13% in November on FX, CTAs

Dec 3 2015 | 10:48pm ET

The UCITS Alternative Index Global, which tracks the performance of global and strategy specific absolute return UCITS funds, gained 1.13% in November as most markets continued to rebound from a volatile fall, according to new data from Switzerland-based index provider Hedgeanalytics AG.

Two of the UCITS Alternative Index subcomponents were in the red for the period, including Fund of Funds, which lost 0.54%, and Commodities, which lost 0.17%.

The rest were positive, led by a 2.24% gain in FX strategies, which benefited from widely expected strength in the U.S. dollar. Elsewhere, CTAs rose 1.76%, multi-Strategy UCITS funds gained 1.26%, Long/Short Equity 1.42%, Macro 1.12%, Fixed Income 0.70%, and Volatility 0.79%.

Both Equity Market Neutral and Emerging Markets gained 0.90%, a strong showing for both following a tough second half. 

For the year to date, the UCITS Alternative Index Global is now up 2.22%. November's performance brought many UCIT index substrategies back into black, led by Long/Short Equity, up 5.17%. On the flip side, the Commodities index is now down 8.34% on continued price declines across most raw materials. 

Event Driven UCITS funds, which essentially broke even in November with a 0.01% gain, also remain slightly down so far 2015 at -0.71%.

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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