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
HSBC takes crown with strong showing in a turbulent period for Asian issuers
Pooling equity derivatives and wealth management skills enabled bank to recycle risk to meet client demand
CIMB boosts market share in Malaysia with nimble strategy
Flexibility and high-performance processing drive adoption of CrossAsset platform
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.