After a solid performance in July, the UCITS HFS Index continues its recovery with gains of 0.12% in August 2016. The broad index started positively into the month with a performance of 0.12% in week one. The second week saw the UCITS HFS Index rise 0.25%, before the momentum shifted in the second half of the month: week three caused a decline of -0.25%, while the last one-and-a-half weeks of trading added a further loss -0.02%. Of all funds tracked 63.09% reported gains in August 2016.
From a sub-strategy perspective eight of the twelve strategies reported positive results in August, the top performers being Credit (0.84%), Global Macro (0.51%) and Convertible (0.37%). While the latter only took a small loss in week one, Global Macro had to take a loss in the first and the third week of trading. Credit on the other hand showed a solid performance and was the only strategy to report gains every single week of the month. The three worst performing strategies in August were Commodity (-1.11%), CTA (-0.74%) and Arbitrage (-0.14%). While the latter’s performance was slightly negative every week except week one, the other two strategies took heavy losses at the end of the month in particular. Six strategies remain negative for 2016, the worst performer still being Global Macro (-2.11%). The best performer by far this year remains Commodity (4.43%), although Credit started to catch up (3.38%). From a year to date perspective the broad UCITS HFS Index turned positive again now stands at 0.08% 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).