After the UCITS HFS Index broke its negative trend in March it continues its recovery with the third consecutive positive monthly result, reporting gains of 0.23% in May 2016. The broad index started negatively into the month, though, posting a loss of -0.19% in week one. As the UCITS HFS Index recovered only 0.10% in week two and lost another -0.01% in week three, a positive monthly result looked in doubt. It was the last week and a half of May in which the broad index recovered with gains of 0.34%, turning it positive for the first time from a month to date perspective. Of all funds tracked 65.55% reported gains in May 2016.
From a sub-strategy perspective nine of the twelve strategies reported positive results in May, the top performers being Global Macro (0.78%), L/S Equity (0.60%) and Event Driven (0.43%). All three strategies had to take a loss in the first week of trading, but never looked back afterwards as they added gains week after week for the rest of the month. The worst performing strategies in May were CTA (-1.09%), Commodity (-0.86%) and Currency (-0.14). While the latter took losses every single week and only was flat in the last week and a half of May, Commodity at least reported gains in week two. CTA on the other hand had to take losses week after week and finally turned negative from a year to date perspective as well (-0.15%). Therefore now nine strategies remain negative for 2016, the worst performer being L/S Equity (-1.89%). From a year to date perspective the broad UCITS HFS Index now stands at -0.38% 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).