Parker Funds Down In June But Emerging FX Improves
NEWS
STAMFORD, CT--Currency fund managers performed badly in June, according to investment specialists Parker Global Strategies.
The firm's FX Index, which tracks the performance managers have generated from long or short positioning in foreign currencies, was down 1.76 per cent in June.
The top performer on the FX Index in June was UBS Currency Fund (USA) LLC of London, with a return of 2.28 per cent.
"We continue to believe that GDP in the US is running above potential while Europe has spare capacity
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