Three out of six of the MVIS suite of investable Long/Short Equity Indices recorded positive performance in April.

Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.

The MVIS Global Event Long/Short Equity Index led the way with a return of 0.42 per cent, followed by the MVIS Western Europe Long/Short Equity Index (0.39 per cent) and the MVIS Emerging Markets Long/Short Equity Index (0.31 per cent).

The month’s biggest loser was the MVIS Global Long/Short Equity Index with a return of -0.51 per cent, with the MVIS Asia (Developed) Long/Short Equity Index and the MVIS North America Long/Short Equity Index also ending the month in negative territory with returns of 0.27 per cent and 0.25 per cent respectively.

With a history stretching back to 2003, the MVIS Long/Short Equity Indices use a patented methodology in seeking to capture the beta returns of universes of statistically similar hedge funds that exhibit in aggregate consistently high concentrations of beta. MVIS currently offers four regional and two global long/short equity strategies.