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 -7.3
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
Odey Odyssey Opportunistic 21.7
Lemanik SICAV Global Strategy Opportunistic 12.6
Quantitative Fixed Income Macro UCITS Systematic 8.8
Allianz Fixed Income Macro Opportunistic 5.2
Graham Macro UCITS Opportunistic 5.0
JPM Global Macro Opportunities Opportunistic 2.9
Pacific G10 Macro Rates Opportunistic 2.1
JPM Global Macro Sustainable Opportunistic 1.6
Aspect Systematic Global Macro Systematic 1.6
LGT Alpha Generix UCITS Systematic 1.3

Bottom Funds YTD

YTD
H2O Vivace Opportunistic -69.6
H2O Allegro Opportunistic -52.1
H2O MultiReturns Opportunistic -29.5
Artemis Strategic Assets Opportunistic -23.0
GAM Star Global Rates Opportunistic -17.2
Lyxor / Bridgewater Core Global Macro Systematic -15.7
HI Sibilla Macro Fund Opportunistic -14.5
Rubicon Dynamic UCITS Fund Systematic -14.3
H2O Adagio Opportunistic -12.5
Insight Global Absolute Return Diversified -12.4

Largest New Launches (12M)

AUM
Lyxor / Bridgewater Core Global Macro £853m
JPM Global Macro Sustainable £448m
AXA World Funds - Chorus Systematic Macro £156m
Two Trees Systematic Global Macro Fund £41m

Strategy AUM

31 December 2019
£50.9b -17% YOY

Largest Funds

AUM
Invesco Global Targeted Returns £9.5b
Legg Mason Western Asset Macro ... £5.9b
ASI Global Absolute Return Strat... £4.9b
Aviva Investors Multi-Strategy T... £4.3b
H2O Adagio £4.0b

Largest Inflows (Q4'19 - Q4'18)

Change AUM
Legg Mason Western Asset Macro ... £465m £5.9b
KLS Arete Macro £194m £335m
Bellevue Funds (LUX) BB Global M... £194m £616m
H2O MultiReturns £94m £467m
River and Mercantile Global Macro £90m £98m

Largest Outflows (Q4'19 - Q4'18)

Change AUM
ASI Global Absolute Return Strat... £-6,381m £4.9b
Invesco Global Targeted Returns ... £-2,531m £2.2b
Invesco Global Targeted Returns £-2,339m £9.5b
H2O Adagio £-2,289m £4.0b
ASI Global Absolute Return Strat... £-1,555m £2.1b

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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.