Absolute Return indices: Positive returns across the board in May


As equity markets rallied for a third consecutive month, many funds benefitted from the upswing. All Absolute Return indices returned positively for the month and all are up for the year with the exception of CTAs, which are just below water for a year-to-date loss of 0.72% through May. Leading the way this month in the Absolute Return Indices is the Distressed Index, up 4.19% for a year-to-date gain of 8.68%. Not far behind is the Global Equity Index, up 4%, to bring its year-to-date total to 8.09%. However, on a year- to-date basis the convertible index is