After a drawdown in June due to the market turmoil that surrounded the Brexit vote, the UCITS HFS Index bounces back reporting gains of 0.75% in July 2016. The broad index started strongly into the month with a positive performance of 0.32% after the first full week of trading. Keeping the pace, week two brought along additional gains of 0.30%. Although the UCITS HFS Index slowed down in the second half of the month, week three and four still saw the index rise 0.11% and 0.03%, respectively. Of all funds tracked 76.23% reported gains in July 2016.
From a sub-strategy perspective ten of the twelve strategies reported positive results in July, the top performers being L/S Equity (1.36%), Global Macro (1.17%) and Credit (1.03%). While the latter added gains week by week evenly distributed, Global Macro had to take a loss in the last week of trading. Together with L/S Equity it showed a strong performance in week two in particular, though. The two strategies in the red in July are Currency (-0.18%) and Arbitrage (-0.08%). While the latter’s performance was flat in the last week and only positive in the first full week of trading, Currency reported only negative weekly results except for week one. Seven strategies remain negative for 2016, the worst performer still being Global Macro (-2.60%). The best performer by far this year remains Commodity (5.50%), which added another 0.30% of gains in July. From a year to date perspective the broad UCITS HFS Index now stands at -0.04% in 2016.
About the UCITS HFS Index
The UCITS HFS Index Series is the first index family that tracks all UCITS funds using hedge fund strategies. The UCITS HFS Index Series includes all UCITS funds that apply absolute return strategies, have more than 10 Mio. € of assets under management, offer at least weekly liquidity and have reported numbers for more than one month. Index tracking funds, long-only and 130/30 strategies are excluded.
The indices are calculated on every Friday and at the end of each month by the index provider 2n20.com AG and are published on the website www.ucitsindex.com.
Founded in 2009, the Pfaeffikon-based Swiss 2n20.com AG is a financial servce provider specialized in internet based services tailored for the hedge fund industry. It launched the first index family for hedge funds in UCITS wrapper – the UCITS HFS Index family – and acts as index provider in this regard. 2n20.com provides institutional investors with information via its databases and newsletters and offers investable products on and licensing of its indices. Furthermore 2n20.com offers institutional money managers a price comparison and negotiation service in order to optimize their service provider relationships or setup new fund structures via its Negotiato.rs platform (www.negotiato.rs).