Market Vectors Long/Short Indices Mostly Down in February

Mar 1 2016 | 9:37pm ET

Market Vectors has announced the February performance of its six investable long/short equity indices.

The company currently offers four regional and two global long/short equity strategies. The indices seek to capture the systematic returns, or beta, of hedge funds with similar investment styles that invest in the same asset classes and same geographic markets but without hedge fund pricing, opaqueness and redemption restrictions, according to a press release. 

For February 2016, the company’s Emerging Markets L/S Equity index was the only one of the six in positive territory, gaining 0.36%. 

Conversely, the remaining five were in the red for the period, led by a -1.57% loss in the Market Vectors Asia (Developed) L/S Index and a -1.07% drop in the Global L/S Equity Index. 

Elsewhere, the Western Europe L/S Equity Index los -1.02%, the Global Event L/S Equity Index dipped -0.25%, and the North America L/S Equity Index -0.14%.

Market Vectors Index Solutions develops, monitors, and licenses the Market Vectors Indices, which are a series of focused, investable and diversified benchmark indices cover several asset classes, including hard assets and international equity markets as well as fixed income markets. Around $8.2 billion in assets are currently invested in financial products based on Market Vectors Indices.

The Frankfurt-based company is a subsidiary of mutual fund and ETF giant Van Eck Global.

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