UCITS Alternative Index Blue Chip Down -0.21% As L/S Equity Slips

Aug 30 2017 | 10:09pm ET

The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, lost -0.21% in the week through August 30 and is now down is down -0.14% for the month, according to new data from Switzerland-based index provider Analytical Research AG.

The reversal leaves the liquid alternative benchmark measure up a mere +0.18% for the year to date, a stark contrast to the strong YTD performance posted by traditional hedge fund metrics.

Returns for the period were dispersed among strategies. Four of the index family’s substrategy measures were in the green during the week led by the UAIX CTA Index, which gained +0.8%, while seven were in the red led by the UAIX Long/Short Equity Index’s -0.50% decline. Year to date, eight are in positive territory while four are down, bounded by the UAIX Emerging Markets and the UAIX Commodities indexes at +9.09% and -6.45%, respectively. 

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. The UAIX series in particular are single strategy indices comprised of up to 15 constituent funds and built using a systematic quantitative model.

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