IFX launches forex fund
The foreign exchange fund, whose launch was reported by FX Week on January 31, is set to go live today (April 25). It is targeting 12–18% returns per annum and trades exclusively intra-day and exclusively in the major currencies, which provide suitable liquidity, spreads and volatility for effective trading.
Philip Jones, director of business development at IFX Markets in London, said it trades currency pairs in euro/ dollar, sterling/dollar, dollar/Swiss, dollar/yen and euro/yen.
Although it
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