New York (HedgeCo.Net) – The UCITS Alternative Index Blue Chip ends November with a gain 0.23% after a progression of 0.31% during the last week. Emerging Market funds bounce back (up 1.19%) and are the largest weekly contributors to the Index performance. Long/Short Equity (up 0.45%) and Macro (up 0.39%) also perform well. CTA funds are up 0.43% this week but are negative contributors in November with a monthly performance of -0.10%. The other negative contributors for the month are FX (-0.69%) and Volatility (-0.18%). The UAI Blue Chip is up 4.25% so far this year.
10 out of 12 UAIX indices are up this week. The UAIX Long/Short Equity and Emerging Markets display the best performances with respective gains of 0.58% and 0.56%, while the UAIX Equity Market Neutral (-0.19%) and CTA (-0.14%) are down. In November, the best performer is the UAIX Volatility, up 1.25%, followed by the UAIX Event-Driven, up 0.64% and the UAIX Long/Short Equity, up 0.56%. The UAIX Volatility posts the largest gains this year (up 7.04%), followed by the UAIX Fixed Income – Developed Markets (up 6.81%) and Fixed Income – Global (up 6.72%).
The UCITS Alternative Index Blue Chip and UAIX are model-based investable indices of UCITS hedge funds.