Macro

Strategy Research, 31 Aug 2022

Index Research Funds

AH Macro UCITS Index

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 1.2 -0.6 0.6
2022 -0.1 -1.5 0.6 0.4 0.1 -1.3 0.0 0.7 -1.0 0.3 1.2 1.0 0.5
2021 -0.4 0.8 0.6 0.3 0.3 0.0 -0.6 0.5 0.0 -0.7 -0.8 1.1 0.9
2020 -0.2 -1.4 -5.8 1.5 2.0 0.6 0.8 1.0 -0.7 0.0 2.4 1.1 1.0
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
JPM Global Macro Opportunities Opportunistic 9.4
Allianz Fixed Income Macro Opportunistic 8.6
JPM Global Macro Sustainable Opportunistic 7.0
JPM Global Macro Opportunistic 6.3
Pacific G10 Macro Rates Opportunistic 4.1
Invesco Global Targeted Returns Diversified Multi Asset 3.3
Invesco Global Targeted Returns (Lux) Diversified Multi Asset 3.2
Ninety One Global Macro Allocation Diversified Multi Asset 3.2
PrivilEdge - Graham Quant Macro Systematic 3.2
L&G Multi-Asset Target Return Fund Diversified Multi Asset 2.5

Bottom Funds YTD

YTD
Aspect Systematic Global Macro Fund Systematic -9.3
Lemanik SICAV Global Strategy Opportunistic -5.5
Brevan Howard Absolute Return Government B... Opportunistic -4.6
ASI Global Absolute Return Strategies Fund Diversified Multi Asset -4.1
Aberdeen Standard SICAV II - Global Absolu... Diversified Multi Asset -3.7
TM Fulcrum Diversified Core Absolute Return Diversified Multi Asset -3.1
HESPER - Global Solutions Diversified Multi Asset -3.1
TM Fulcrum Diversified Absolute Return Diversified Multi Asset -3.0
UBS Currency Allocation Return Strategy Opportunistic -2.9
PGIM Wadhwani Keynes Systematic Absolute R... Systematic -2.9

Largest New Launches (12M)

AUM
Trium Epynt Macro Fund £18m

Strategy AUM

31 December 2022
£28.8b -20% YOY

Largest Funds

AUM
JPM Global Macro Opportunities (... £3.6b
Aviva Investors Multi-Strategy T... £2.5b
Brevan Howard Absolute Return Go... £2.5b
FTGF Legg Mason Western Asset M... £1.8b
JPM Global Macro Opportunities £1.4b

Largest Inflows (Q4'22 - Q4'21)

Change AUM
Brevan Howard Absolute Return Go... £1.5b £2.5b
TM Fulcrum Diversified Core Abso... £527m £750m
Graham Macro UCITS £498m £999m
Jupiter Strategic Absolute Retur... £430m £645m
Fulcrum Diversified Absolute Ret... £251m £474m

Largest Outflows (Q4'22 - Q4'21)

Change AUM
FTGF Legg Mason Western Asset M... £-1,967m £1.8b
JPM Global Macro Opportunities (... £-1,711m £3.6b
Aviva Investors Multi-Strategy T... £-1,248m £2.5b
ASI Global Absolute Return Strat... £-1,187m £1.2b
JPM Global Macro Opportunities £-895m £1.4b

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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.