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
China, environment and risk factors among top themes
Societe Generale takes top spot at Hong Kong awards ceremony
Regulatory ruling confirms what was expected of private placement regime
Former SG Asia sales head Nicolas Reille joins Natixis in Hong Kong
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.