Australian-based absolute return and hedge funds recorded a second consecutive positive month in April of 2.71 per cent, on the back of the ongoing global rally in equity markets.
Australian-based absolute return and hedge funds recorded a second consecutive positive month in April of 2.71 per cent, on the back of the ongoing global rally in equity markets.
Not surprisingly equity based strategies were the best performers, but with the exception of managed futures and market neutral, all single strategies recorded a positive month.
The overall index of single funds returned +3.03 per cent against the ASX200’s performance of +5.54 per cent.
On a year to date basis, all but two strategies (equity buy/write and real estate) have made positive returns, whilst on a 12 month basis seven strategies, dominated by non-equity strategies, have provided investors positive returns.
Taking a longer term view, the cumulative return of all funds in the AFM Index since January 2004 is +52.16 per cent against the ASX200’s return over the same period of +15.67 per cent.
