After a solid recovery over the last two months, the UCITS HFS Index comes to a halt with a performance of 0.00% in September 2016. The broad index started positively into the month with a performance of 0.10% after the first full week of trading. The second week saw the UCITS HFS Index lose -0.25%, its only weekly loss in September. As the broad index recovered 0.07% and 0.08% in week three and four, respectively, the performance for the month was flat. Of all funds tracked 52.10% reported gains in September 2016.
From a sub-strategy perspective five of the twelve strategies reported positive results in September, the top performers being Commodity (0.49%), Multi Strategy (0.26%) and L/S Equity (0.23%). While the latter two posted returns in every week except week two, Commodity displayed lots of volatility with strong returns in week one and three and notable losses in the other weeks of the month. The two worst performing strategies in September were CTA (-0.88%) and Global Macro (-0.62%), while the other five strategies in the red only experienced marginal losses. CTA only posted returns in the last week of trading, Global Macro only did so in the first full week of trading. Six strategies remain negative for 2016, the worst performer still being Global Macro (-2.72%) by far. The best performer this year remains Commodity (4.84%), with Credit still holding on to the second position (3.36%). From a year to date perspective the broad UCITS HFS Index remains unchanged and therefore still 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).