March proves cruel month for FX

foreign exchange

The trend towards launching of funds of foreign exchange funds has continued recently, with new products coming to market from the likes of multi-manager Russell Investment Group.

Russell Investment Group has launched a multi-manager FX vehicle, domiciled in Dublin, called the Active Currency Fund. It will be traded daily and be UCITS III-compliant, with share classes for dollar, euro, sterling, and yen investors.

It aims to beat Libor, primarily using currency forwards. The fund will combine