More than half of alternative UCITS funds report gains

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By Henal Chudasama

Around 55% of alternative UCITS funds reported positive performance for the week ending 22 June 2012, according to the figures from the Absolute UCITS database.

The FPP Global Emerging Markets fund, run by London-based FPP Asset Management, was the top performing fund for the week, reporting gains of 3.91%.

The fund, managed by the firm’s chief executive officer Jonathan Neill, had reported a 2.49% loss for the year-to-date through May. The fund was up 11.70% in January but it struggled during May and reported a loss of 13.25%.

The FPP fund sits in the emerging market equity strategy