Five out of six of the Market Vectors Investable Hedge Fund Beta Indices recorded positive performance in November.
Each of the indices is constructed using transparent, liquid ETFs to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
MV Asia (Developed) L/S Equity Hedge Fund Beta Index was the top performer with a return of 1.88 per cent, followed by MV North America L/S Equity Hedge Fund Beta Index (1.62 per cent), MV Global L/S Equity Hedge Fund Beta Index (1.38 per cent), MV Global Event L/S Equity Hedge Fund Beta Index (0.78 per cent) and MV Western Europe L/S Equity Hedge Fund Beta Index (0.29 per cent).
MV Emerging Markets L/S Equity Hedge Fund Beta Index was the only index to finish the month in negative territory recording -0.51 per cent.
MVIS currently offers four regional and two global long/short hedge fund strategies.
