Albeit a slow-down the UCITS HFS Index continues its positive trend with gains of 0.26% in November 2015. The broad index got off on the right foot posting returns of 0.21% after the first week of trading. Things reversed in week two though as the UCITS HFS Index took losses of -0.32% and consequently turned negative from a month to date perspective. With week three nullifying the previous week’s losses by adding gains of 0.32% and week four adding another 0.05% to the monthly performance, a positive result was never in serious doubt. Of all funds tracked 63.64% reported gains in November 2015.
From a sub-strategy perspective eight of the twelve strategies reported positive results in November, the top performers being CTA (0.91%), Global Macro (0.64%) and L/S Equity (0.51%). While the latter only posted small losses in the third week of trading, Global Macro only made profits in week one and three, although they outweighed the losses taken in the other two weeks. CTA on the other hand started negatively into the month, but posted gains from week two to four. The worst performing strategies in November were Commodity (-1.24%), Credit (-0.24%) and Event Driven (-0.18%). While Credit took most of its losses in week two and was more or less flat in the other weeks of the month, Event Driven’s performance was erratic with a finish in the red. Commodity on the other hand only went in one direction, posting losses in every single week of November. From a year to date perspective the broad UCITS HFS Index now stands at 1.17% in 2015.
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).