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Alternative UCITS stand as the storm rages

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The LuxHedge Global UCITS Index fell by 0.85 per cent in September. This second consecutive monthly decline leads the index to a flat year-to-date performance (+0.20 per cent).

The equity markets kept suffering with -5.05 per cent in Europe, -2.47 per cent in the United States (US), -2.97 per cent in Emerging Countries and -3.65 per cent for the MSCI World Index this month.
The LuxHedge Equity Market Neutral UCITS Index has exhibited flat performance (+0.12 per cent) despite the very turbulent market. The commodity market is once more hit hard (-3.42 per cent) and consequently the LuxHedge Commodity Arbitrage UCITS Index shows a twelfth consecutive month down despite a very respectable -0.78 per cent in September. The good performance (+0.45 per cent) of the LuxHedge CTA/Managed Futures UCITS Index reflects that managers have a very low exposure to the commodity market and seem to be less aggressive in their allocations.
In September, the total amount of AuM (Assets under Management) decreased from EUR383 billion to EUR381 billion, essentially due to the negative performance of the Alternative UCITS funds. The number of components is still growing from 1,282 in August to 1,300 Alternative UCITS funds today. A very strong rise of new alternative UCITS funds happened during the month (25 new sub-funds) for only seven liquidated sub-funds. Most of the new alternative UCITS launched are fixed income arbitrage strategies.

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