The latest issue from Opalesque UCITS Intelligence says UCITS absolute return funds basked in the glow of investor attention during 2013 as AUM grew by 34% to Eur 190B. Not only that, these alternative asset vehicles clocked a return of 4.12% during 2013, their best showing since 2009, helped no doubt by the bullish fervor in equities.
“With close to EUR 200 billion assets under management the UCITS absolute return market is now a major component of the European alternative investment market. The good results of 2013 coupled with the increase interest for highly regulated products will with no doubt further fuel the growth of this market in 2014,” said Louis Zanolin, Allx Capital.
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