FX funds in the black for seven months in a row
Discretionary strategies outperform systematic ones
Currency funds registered a seventh-consecutive month of positive returns in January with a 2.71% uptick, the Parker FX Index shows, as the strong dollar trend and widespread action by central banks such as the Swiss National Bank spurred large moves in currencies.
Over 12 months, the index showed a positive return of 6.95%. The top-performing fund in January produced a return of 14.57%, and 22 of the 35 investment programmes printed positive returns.
On a monthly basis, the results are an
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