After three down months the UCITS HFS Index broke its negative trend with gains of 0.50% in March 2016. The broad index started positively into the month with first week gains of 0.33%. After the performance came to a halt in week two (0.00%), week three saw the UCITS HFS Index rise another 0.13%. The last week and a half completed the come back with marginal gains of 0.03%. Of all funds tracked 66.76% reported gains in March 2016.
From a sub-strategy perspective eleven of the twelve strategies reported positive results in March, the top performers being Credit (1.50%), Fixed Income (0.90%) and Convertible (0.89%). While the latter posted its smallest weekly gain in the third week of the month, Credit and Fixed Income slowed down in the last one and half weeks of trading. The strong monthly result also helped Credit to turn positive for 2016 (0.05%). The only strategy in the red in March was CTA (-1.83%), having taken heavy losses in the first half of the month which it was not able to catch up again. Seven strategies remain negative for 2016, the worst performers being L/S Equity (-2.44%) and Global Macro (-2.42%). From a year to date perspective the broad UCITS HFS Index now stands at -0.73% 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).