EM indexes stand strong
Since launch in March 2007, the AIG emerging markets foreign exchange indexes (AIG-EMFXI) have performed "extremely well", said Stephen Gilmore, new market strategist at the firm in London. The Benchmark Index posted an annual excess return of 10% last year, which was underpinned by an information ratio of 1.9, representing risk-adjusted performance. The benchmark product hit a high of 126.359 on January 15, up 19% from its March 5 launch level of 105.897.
"What has been interesting is that the
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