Currency fund returns on the up after tough few years

Currency fund managers could soon breathe a sigh of relief, following signs that returns are finally turning positive after years of losses and closures in the space.

The Parker FX Index, which measures currency fund returns for both systematic and discretionary strategies, recorded a 0.82% return for July, with 19 out of the 32 funds reporting positive results. The top-performing fund notched up returns of 7.32%. Over the three months prior to July, the index reported a 0.42% rise.

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