Bankers have been saying for a long time that foreign exchange has become a legitimate asset class. And so it has. But, until relatively recently, this was true mainly for hedge funds, prop traders and other institutional investors running dedicated foreign exchange funds. A few individuals dabbled in foreign currency bank accounts or exchange-traded funds that offered forex exposure. For most investors, though, foreign exchange was merely a risk to be managed or lived with.
That has now genu
The week on Risk.net, April 7–13, 2018Receive this by email