Just one of the MVIS family of six investable long/short equity indices recorded positive performance in August.
The MVIS Emerging Markets Long/Short Equity Index recorded a return of 0.15 per cent while the other five indices all finished the month in negative territory.
The month’s biggest loser was the MVIS Asia (Developed) Long/Short Equity Index, down 0.84 per cent, followed by the MVIS Global Event Long/Short Equity Index and the MVIS Western Europe Long/Short Equity Index (both -.0.17 per cent), the MVIS Emerging Markets Long/Short Equity Index and the MVIS Global Long/Short Equity Index (both -0.15 per cent) and the MVIS North America Long/Short Equity Index (-0.09 per cent).
Each index is constructed using liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
