FTSE launches index linked to developed market currencies

FTSE has launched an index which allows investors to access 10 of developed market currencies.

FTSE adds five currencies to FRB indexes

FTSE Group, in conjunction with Record Currency Market, has launched FRB10, an index that allows investors to access 10 of the world's largest developed market currencies.

The index aims to provide investors with access to an up-to-date set of desirable developed market currencies, combined with a proven strategy known as the Forward Rate Bias (FRB).

"Our research into the forward rate bias has convinced us that it's an independent risk premium, attributable to the financing of current account

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