Currency fund returns turn negative in June
Currency funds have struggled to generate returns in June, as the US Federal Reserve made no significant changes to its monetary policy and kept investors waiting for a rate hike, while Greece's tense negotiations with its European creditors ended on a positive note, despite the anticipated rupture of the eurozone.
The Parker FX Index, which benchmarks the performance of currency funds, reported that 25 of the 30 programmes reporting to the Index in June saw negative returns, resulting in a 1.52
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