Poor Returns For Emerging Market Currency Funds
NEWS
STAMFORD, CT -- September was the worst trading month in two years for currency funds investing in the emerging markets, according to Parker Global Strategies.
The FX consultancy’s Emerging FX index, which tracks funds with exposures in Asia, Latin and South America, eastern and northern Europe, the Middle East and Africa, was down --0.88% in September.
Virginia Parker, president of Parker Global Strategies, says: "Increased volatility in September affected many emerging markets managers. Rising
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