UCITS Alternative Index Loses -2.32% in August, Clings to +0.51% YTD Gain

Sep 3 2015 | 2:01pm ET

The UCITS Alternative Index Global, which tracks the performance of global and strategy specific absolute return UCITS funds, dropped -2.32% in August as global volatility impacted UCITS funds of all stripes and wiped out YTD gains almost across the board, according to new data from Switzerland-based index provider Hedgeanalytics AG.

The result brings the measure’s year-to-date performance down to +0.51%. It returned 1.41% in 2014.

All twelve of the benchmark’s subcomponents were in the red for the month. The UCITS Alternative Emerging Markets led the pack, falling 3.60%, followed closely by the UCITS Alternative Macro index, which fell -3.18%. Least impacted were Equity Market Neutral funds, which lost 0.85%.

The UCITS Alternative Fund of Funds index dropped -2.06% for the period, bringing its YTD return down to 0.63%. Event-Driven, Long/Short Equity, CTAs, Multi-Strat and Volatility indices all lost between -2.11% and -2.81%.

Fixed income and FX UCITS faired a little better, dropping -1.08% and -1.27%, respectively.

Seven of the measures are now under water for the year to date. UCITS Alternative Commodities still leads the losers, now down -8.48%. August returns sent the reminder into the red for the year – UCITS Alternative Index Emerging Markets is now down -1.75% YTD, Macro -1.07%, Volatility -1.02%, FX -0.87%, and CTAs -0.48%. 

The UCITS Alternative Index Fixed Income is essentially break even after August’s loss, now down -0.04% for the year to date.

On the plus side, Event-Driven UCITS are up 0.25% YTD, followed by Multi-Strategy (+0.31%), Equity Market Neutral (+1.89%) and Long/Short Equity (+2.74%).

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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