Pension funds should increase FX exposure – Deutsche Bank
Author of the report Bilal Hafeez, global head of FX strategy at Deutsche Bank in London, said forex has advantages that traditional pension fund investments do not: "We feel FX should be viewed as an asset class similar to bonds and equities. It has exhibited long-term systematic returns, or ‘beta’, which are comparable, if not better, than both bonds and equities since 1980. It also has greater liquidity than both."
The report, entitled Currencies: Pension Saviour?, points to two main reasons
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