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Alternative UCITS record solid performance across all strategy styles in July, says LuxHedge

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The LuxHedge Global Alternative UCITS Index increased by 0.38 per cent during July (+1.16 per cent YTD), recording solid performance cross the board with nearly all strategy style indices posting a gain during the month.

In the Equity Hedge category, Long/Short Europe and Equity Market Neutral funds advanced with +0.65 per cent (+2.20 per cent YTD) and +0.40 per cent (+1.90 per cent YTD), respectively. In line with a clear trend in the global hedge fund market, performance was led by Asia focussed funds with the LuxHedge Equity Long/Short Asia index gaining 2.38 per cent during July (+16.05 per cent YTD). Event driven and Merger Arbitrage funds continued their 2017 winning streak, increasing+0.36 per cent (4.47 per cent YTD). 

Fixed Income Arbitrage and Multi Strategy UCITS funds continued to perform relatively flat in July: Fixed Income Arbitrage UCITS +0.24 per cent (1.36 per cent YTD) and Multi Strategy UCITS +0.20 per cent (+0.38 per cent YTD). July was the first month where CTA & Managed Futures funds recovered partially from their earlier 2017 losses: July +1.34 per cent (YTD -3.21 per cent). With both actual and implied volatility at very low levels, Volatility Arbitrage funds experienced another small loss in July: -0.15 per cent (-0.36 per cent YTD).

Alternative UCITS funds as a whole continued to gain in popularity with investors. Asset inflow into the space was strong again with total Assets Under Management reaching EUR438 billion by the end of July, an increase of 0.80 per cent over last month. 

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