FX futures contribute to surge in managed assets
The amount of money under management in managed futures, including currency futures, soared to a record figure of $66.5 billion during the second quarter this year, according to the Barclay Group, an increase of 16% from $57.4 billion in the previous quarter. Since the beginning of the year, assets have increased by $15.56 billion, or 30.55%.
"The rise is largely attributable to investors waking up to the benefits of diversification," said Sol Waksman, president of The Barclay Group in Iowa.
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