BNP Paribas tempts investors with forex basket

Forex: an efficient asset class

BNP Paribas has launched a commodity currency basket that promises investors inexpensive options and strong returns by taking advantage of low volatility and carry in foreign exchange markets.

"The idea behind this product is to promote forex as an asset class rather than a specific basket," says Ivan Nurminsky, FX structurer at BNP Paribas in London. "We want to show how forex as an underlying can outperform the more traditional asset classes that investors look at first.

"Historically, forex has