Market Neutral

A strategy undertaken by an investor or an investment manager that seeks to profit from both increasing and decreasing prices in a single or numerous markets. Market-neutral strategies are often attained by taking matching long and short positions in different stocks to increase the return from making good stock selections and decreasing the return from broad market movements.


Maximum Drawdown

The measure of the decline from a historical peak in some variable (typically the cumulative profit or total open equity of a financial trading strategy).


MSCI AC Pacific Index ex Japan

A free floated market capitalisation weighted index that is designed to measure the equity market performance of Asia, excluding Japan. The Index consists of 10 developed and emerging market country indices: China, Hong Kong, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.


MSCI World Index

A stock market index of 1,500 world stocks often used as a common benchmark for world or global stock funds.


Multi Strategy

The use of several strategies within the same pool of assets. The diversification between different strategies helps reduce volatility and decrease risks.