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FX markets ride wave of widening appeal
The financial crisis has spurred more interest in currency as an investment, not only to hedge valuation and liquidity risk, but also to add additional value
Big Mac index gives more than a taste of true worth
Intervention has kept some emerging market currencies artificially weak, at the same time many have raised interest rates to stem inflation. It is only a matter of time before some allow their currencies to appreciate
Traders angered by swaps legislation
The forex market claims it is fundamentally different from comparative asset classes, such as credit.
Return to managing currency risk
Active currency management, which fell out of favour during 2008, is gaining supporters again, although two pension funds have recently withdrawn mandates just recently until normal conditions return
Investors still facing hedging dilemma
Hedging currency risk is far from being a complete solution. Static currency hedge came unstuck in the financial crisis but dynamic hedging solutions might be the answer
‘FX liquidity is pretty good’
Though turnover has actually increased from levels seen before the crisis, experts say forex liquidity should still be a concern for investors
New indices give beta opportunities
Currencies are being increasingly regarded as an asset class in their own right, precisely because the vast majority of participants in currency markets are non-profit seekers
Hong Kong prepares for renminbi securities
Fund managers are waiting for the go-ahead from the mainland
Equities and commodities win over currency ETPs
Currency ETPs have struggled to gain traction and figures even suggest net outflows from such funds in the US. But statistics for Europe show a rise in interest although overall assets are smaller.
Mutual funds emerge in rude health
Mutual funds are forecast to enjoy more strong growth in profits and cash flows but are now heavily exposed to bonds
