(Daily ALts) Multialternative Funds The Best and Worst of March Multialternative mutual funds and ETFs returned an average of +1.33% in March, bringing the category’s total return to -0.67% for the first quarter of 2016. As a group, the category is trailing the Morningstar Moderate Target Risk Index for both the month and quarter. That index generated returns of 4.99% and 2.15%, respectively. For the one-year period ending March 31, multialternative mutual funds and ETFs averaged a loss of 4.85% and a Sharpe ratio of -0.87.

To read this article: