Ucits at a glance

LBBW shines as Ucits take a turn for the worse

Ucits funds faced a tough month in May, as 82% of funds made negative returns. This eclipses the 63% of negative fund returns in April. Of the funds that were able to make gains, LBBW leads the way with 0.64%, strengthening its position at the top of the year-to-date table with 2.19% in 2022. Algebris and CIFC also made positive returns, 0.54% and 0.44% respectively, helping push CIFC to 0.15% year-to-date.