After a year of preparation, AXA Investment Managers has entered the currency market with its first actively managed currency fund.The Currency Ultimate fund is registered in Luxembourg. AXA will market it to institutional investors, and is aiming at a net return of cash plus 22.5%.
The fund will take long and short forward positions in 21 currencies, and will be benchmarked in euros, sterling, US dollars or yen.
More on Structured Products
$12.5 million fine for cross border activities with US clients
ESAs propose visual representations of risk in key information document
Regulatory panel suggests backtesting internally is best practice
Growing appetite for ETFs buoys market confidence
Sign up for Risk.net email alerts
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.