AIG launches emerging markets FX indexes

NEWS

The AIG-EMFXI indexes provide exposure to three-month over-the-counter forwards contracts on 20 EM currencies.

"The investor universe has moved significantly into emerging markets in recent years, but the array of index-based opportunities for EM exposure has not kept pace," said Joseph Cassano, president of the financial products subsidiary of New York-based insurance and financial services firm American International Group (AIG).

Currently, a limited number of banks, including JP Morgan, offer

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