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HedgeCoVest Versus Market Vectors Indices in August

New York (HedgeCo.net) – August was a rough month for the global stock market as all major indices lost at least 5% on the month and some saw double-digit losses. With that market environment as a backdrop, Market Vectors Index Solutions released the performance numbers for their liquid alternative ETFs. As a whole, the indices performed much better than the world’s major indices. The worst performer was the Market Vectors Global Long/Short Index with a loss of 4.76% and the best of the group was the Market Vectors Global Event Long/Short Equity Index with a loss of 2.31%.

Index August Return
Market Vectors North America Long/Short Equity Index -3.34%
Market Vectors Emerging Markets Long/Short Equity Index -3.09%
Market Vectors Western Europe Long/Short Equity Index -4.11%
Market Vectors Asia (Developed) Long/Short Equity Index -3.52%
Market Vectors Global Long/Short Equity Index -4.76%
Market Vectors Global Event Long/Short Equity Index -2.31%

For comparative purposes, we wanted to look at the HedgeCoVest Composite Long/Short models and how they performed during the month of August. Granted these composite models are primarily domestic in nature and are spread among sectors rather than regions of the world, but the results also showed better performance than the global indices. The top model was the HedgeCoVest Basic Materials Long/Short which gained 4.5% while the worst performing model was the HedgeCoVest Biotech Long/Short model which lost 7.73%.

Model August Return
HedgeCoVest Basic Materials Long/Short 4.50%
HedgeCoVest REITS Long/Short 4.04%
HedgeCoVest Technology Long/Short -1.92%
HedgeCoVest Energy and Utilities Long/Short -2.26%
HedgeCoVest Biotech Long/Short -7.73%

 

Rick Pendergraft
Research Analyst
HedgeCoVest

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