UCITS Alternative Index Gains 0.27% on CTA, Multi-Strategy Gains

Oct 21 2015 | 5:33pm ET

The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, reversed course in the week through October 21 and posted an 0.27% gain, according to new data from Switzerland-based index provider Hedgeanalytics AG.

The result restored October’s performance, bringing it back into the green at 0.11%. If October closes with a gain, it will break a five-month losing streak for the measure. 

For the year to date, the Alternative Index Blue Chip is now up 0.57%.

Sub-indices tracked by Hedgeanalytics were largely up as markets generally rebounded during the period. Of the twelve strategies, four were down, led by an -0.72% loss in FX and -0.59% decline in Volatility UCITS. Slightly down were the UAIX Commodities Index, at -0.16%, and UAIX Equity Market Neutral strategies were essentially break-even at -0.01%.

On the other side of the ledger, the rebounding environment favored CTAs, up 0.81%, and Multi-Strategy managers, up 0.65%. Elsewhere, UAIX Long/Short Equity rose 0.37% and UAIX Event-Driven funds 0.19%.

However, Year to date, the UAIX Commodities and UAIX Event-Driven indices remain down the most, at -7.34% and -9.12%, respectively, while UAIX Multi-Strat leads the pack up 4.62%. Within the twelve UAIX strategies, the loses still outnumber gainers by 7 to 5.

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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