Only one of Market Vectors Index Solutions (MVIS) family of six investable Long/Short Equity Indices recorded positive performance in February.
The Market Vectors Emerging Markets Long/Short Equity Index as up 0.36 per cent for the month whilethe other five indices all ended in negative territory.
The Market Vectors Asia (Developed) Long/Short Equity Index was the month’s biggest loser with a return of 01.57 per cent, followed by the Market Vectors Global Long/Short Equity Index (-1.07 per cent), the Market Vectors Western Europe Long/Short Equity Index (-1.02 per cent), the Market Vectors Global Event Long/Short Equity Index (-0.25%) and the Market Vectors North America Long/Short Equity Index (-0.14 per cent).
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
With a history stretching back to 2003, the Market Vectors Long/Short Equity Indices use a patented methodology in seeking to capture the beta returns of universes of statistically similar hedge funds that exhibit in aggregate consistently high concentrations of beta. MVIS currently offers four regional and two global long/short equity strategies.
