Data Ucits

Long-short credit capitalises on coronavirus

Ucits funds were not spared from the crash in mid-March. Of those listed in the database, 95% hit negative performance figures by the end of the month, just over 20% hit negative double-figures. However, Pictet’s Kosmos fund managed to come out on top for the second month in a row. The fund benefitted from short positions in cyclical names most impacted by the travel restrictions imposed due to the covid-19 outbreak.