Macro

Strategy Research, 24 Oct 2019

Index Research Funds

AH Macro UCITS Index

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2020 -0.2 -1.4 -5.8 1.5 2.0 0.6 0.8 1.0 -1.7
2019 1.5 0.1 0.4 0.7 -0.4 1.0 0.3 0.3 0.9 0.5 -0.1 1.1 6.3
2018 1.3 -0.8 -0.7 0.4 -1.3 -0.6 0.4 -1.6 0.3 -0.6 -0.2 -0.3 -3.8
2017 -0.2 0.1 0.5 0.2 0.3 0.3 0.1 0.0 0.4 0.4 -0.3 -0.3 1.7
2016 -0.7 -0.7 0.3 0.5 0.0 -1.0 0.8 0.1 -0.4 1.1 -1.0 1.0 0.0
2015 0.9 0.7 0.2 0.1 0.4 -1.1 0.1 -1.2 -1.3 0.7 -0.1 -0.8 -1.4
2014 -0.8 0.4 0.1 -0.3 0.7 -0.5 0.1 0.0 0.7 -0.4 0.5 -0.7 -0.3
2013 1.2 0.0 0.1 0.5 0.8 -1.4 0.1 -0.7 0.2 0.8 0.1 0.5 2.3
2012 1.3 1.0 -0.3 -0.9 -1.1 -0.2 0.9 0.3 0.4 -0.2 0.1 0.4 1.7
2011 -0.5 0.6 -0.1 0.4 -0.7 -1.5 -0.2 -1.7 -1.5 1.1 -0.3 0.2 -4.1
2010 -0.2 0.8 1.9 0.4 -2.5 -1.0 0.4 1.1 1.3 0.0 0.1 1.4 3.7
Download Index Return Series

Top Funds YTD

YTD
Lemanik SICAV Global Strategy Opportunistic 13.1
Graham Macro UCITS Opportunistic 12.7
Pacific G10 Macro Rates Opportunistic 8.5
U Access (IRL) Trend Macro Opportunistic 7.5
Allianz Fixed Income Macro Opportunistic 7.0
GAM Star Emerging Market Rates Opportunistic 6.0
Odey Odyssey Opportunistic 6.0
JPM Global Macro Opportunities Opportunistic 5.5
RV Capital Asia Opportunity UCITS Opportunistic 5.1
KLS Arete Macro Opportunistic 4.6

Bottom Funds YTD

YTD
H2O Vivace Opportunistic -59.8
H2O Allegro Opportunistic -36.2
H2O MultiReturns Opportunistic -23.6
Artemis Strategic Assets Opportunistic -21.3
HI Sibilla Macro Fund Opportunistic -12.1
GAM Systematic Core Macro Systematic -9.8
IPM Systematic Macro UCITS Systematic -9.1
Lyxor / Bridgewater Core Global Macro Systematic -8.7
Insight Global Absolute Return Diversified -8.1
Aviva Investors Multi-Strategy Target Income Diversified -7.7

Largest New Launches (12M)

AUM
Lyxor / Bridgewater Core Global Macro £845m
AXA World Funds - Chorus Systematic Macro £333m
PGIM QMAW Keynes Systematic Absolute Return £103m

Strategy AUM

30 June 2020
£43.9b -16% YOY

Largest Funds

AUM
Invesco Global Targeted Returns £7.5b
Legg Mason Western Asset Macro ... £5.4b
ASI Global Absolute Return Strat... £3.8b
JPM Global Macro Opportunities (... £3.7b
Aviva Investors Multi-Strategy T... £3.6b

Largest Inflows (Q2'20 - Q2'19)

Change AUM
KLS Arete Macro £234m £443m
River and Mercantile Global Macro £158m £98m
Fulcrum Diversified Absolute Ret... £101m £190m
Lemanik SICAV Global Strategy £77m £369m
Acadian Multi-Asset Absolute Return £71m £84m

Largest Outflows (Q2'20 - Q2'19)

Change AUM
ASI Global Absolute Return Strat... £-4,252m £3.8b
Invesco Global Targeted Returns £-3,724m £7.5b
Aviva Investors Multi-Strategy T... £-1,210m £3.6b
Invesco Global Targeted Returns ... £-1,164m £1.8b
IPM Systematic Macro UCITS £-854m £251m

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Close Current Site Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.