UCITS Alternative Index Gains 0.19% in March On EM Gains

Apr 6 2016 | 9:01pm ET

The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, gained slightly during the month of March, according to the latest data from Switzerland-based index provider Hedgeanalytics.

The index rose 0.19% in the month, reflecting more muted volatility in global markets. For the year to date, the measure remains down -1.77%.

Only three of the index family’s twelve substrategies were in the red during March, led by a sharp -3.19% reversal in the UAIX CTA Index and followed by losses of -0.30% and -0.88%, respectively, in the UAIX Volatility and UAIX Long/Short Equity indices. 

On the plus side, the UAIX Emerging Markets Index charged upwards with a 2.19% gain. Elsewhere, UAIX indices for Event-driven, Fixed Income, FX, and Multi-Strategy all rose between 1.18% and 1.28%, while the UAIX Market Neutral Index was true to form with an 0.19% gain in line with the broader index, the UAIX Macro index gained 0.32%, and the UAIX Commodities index was flat at 0.01%.

For the year to date, five of the twelve strategies remain positive, led by a 2.44% gain in the UAIX Volatility index. On the negative side, the UAIX Event Driven Index leads the losers with a YTD return of -3.84%.

Despite the steep losses in March, CTAs remain above water, with the UAIX CTA Index clinging to a YTD gain of 0.13%. 

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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