FTFM
Resources
Investing in Foreign Exchange

Inside this issue
• Custodians under fire for ‘excessive’ profits
• Beta ways to avoid getting rolled over
• Investors find haven in dollar - -
Content
Battle lines are drawn in changing currency landscape
Investors must now factor in other, powerful trend-setters, particularly the strong correlations that now exist between different asset classes
Custodians come under fire over ‘excessive’ FX profits
The unfolding saga of lawsuits involving US pension funds, FX trades made on their behalf by custodian banks, and professional investment managers has highlighted an important issue: costs
Gold can still outshine mere cash
The yellow metal may have fallen in price recently but its relative appeal is little altered
Hedging: Is half an umbrella better than none?
The myth that currency gains and losses wash out over time persists, but in reality most funds should consider hedging their currency risk, experts say
Conflicting signals impact currency strategies
Choppy markets have made it hard for some strategies, particularly short term trend strategies, to stay on track
Beta ways to avoid getting rolled over
A completely passive approach is seen as ill advised when investing in currencies
Emerging markets fundamentals stay firm despite sell-off
Emerging market currencies have experienced a fall from grace, but their fundamental value remains
Currency investors find haven in dollar
The US dollar remains in demand despite the glum economic outlook simply because there is nowhere else to hide





