Alternative Ucits continue to bounce back
The UCITS Alternative Index (UAI) Blue Chip index is up 3.1% since the start of 2012, marking the strongest start to a year since the index began in 2008.
The Blue Chip Index, which lost 3.96% in 2011, has risen by 0.24% this week bringing the March gain to 0.31%.
The best performing strategy was commodities, up 0.74%, followed by Macro and FX. Emerging Markets and Volatility made negative returns.
Ucits investments offer higher levels of regulation and greater liquidity, but have tended to provide lower returns than non-Ucits funds, due to limitations on exposure.The HFRI Fund Weighted Composite Index gained 2.14% in February, bringing performance through the first two months of 2012 to nearly 5%, almost wiping out the -5.26% decline suffered in 2011.
The Ucits Alternative Index (UAI) tracks more than 850 Ucits hedge funds and funds of hedge funds.