UCITS Alternative Index Dips 0.15% To Start 2016

Jan 6 2016 | 9:17pm ET

The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, slipped slightly in the first week of the New Year, according to the latest data from Switzerland-based index provider Hedgeanalytics. 

The index fell -0.15% in the period through January 6, reflecting the weak start for 2016 in global equity, commodity and bond markets. For 2015, the index gained 2.43%, primarily due to gains in CTA, Long/Short Equity, FX and Equity Market Neutral strategies. 

For the first week of the year, five substrategies were positive, led by a 0.48% gain in CTAs, 0.34% in the UAIX FX Index and 0.23% in Equity Market Neutral funds. Multi-strategy UCITS gained 0.04%, while the UAIX Commodities Index eked out 0.05% to start the new year despite further weakness in commodity prices, a welcome shift from the 7.19% loss suffered in 2015. Fixed Income UCITS were flat.

On the losing side, the UAIX Macro index dropped 1.14% and UAIX Emerging Markets fell 0.93%. Long/Short Equity UCITS also stepped off in the red, dipping 0.59% for the week, along with an 0.36% loss in the UAIX Event-Driven index. 

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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