Parker FX: Discretionary approach gets better returns in March
Of the 62 currency managers that reported into the index, 40 were up and 22 made a loss. On a risk-adjusted basis, the index returned 0.32% in March. The median return for the month was 0.46%, while the performance ranged from a high of 4.72% to a low of –3.93%. The index's year-to-date return the index is 0.80%.
The discretionary index, which tracks managers whose decisions are judgemental, fared better than the systematic index, which tracks managers whose decision process is rule-based. The
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