Currency fund performance still stuck in ‘perfect storm’
Currency funds have endured another period of poor performance through 2013, as underlying economic fundamentals dampened volatility in the FX market, but fund managers say activity could pick up in the year ahead. According to research conducted by financial data firm Morningstar, the average performance of 85 currency funds over the past three months was –2.6%, and –4.86% over the past 12 months.
"It's not surprising other asset classes have generated stronger returns in this quantitative
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