Weaker emerging market currencies have hit investors who allowed bond managers to talk up the returns of local currency bonds. To get a full view of the damage, look back two years.
The firm creates a unit based on a basket of developed and EM currencies and commodities as a systematic hedging tool to safeguard against currency and inflation risks.
UK-based Record Currency Management and Deutsche Bank think so, and say the case is stronger than ever for a greater allocation to foreign exchange, particularly for Asian and emerging currencies.
Russell Investments argues that unnecessary currency-transaction fees could cost investors as much as 2% of a portfolio's total value over a 40-year period.
Overlay Asset Management CIO HTlie dÆHautefort says his boutique currency shop is working on behalf of private equity investors. But how liquid, really, is FX?