News In brief
MSCI unveils currency indexes
MSCI, a vendor of market indexes and analytics, last week (June 25) launched its FX Hedge Indexes. It is aimed at institutional investors and measures the impact of hedging the currency exposure of MSCI equity indexes using monthly foreign exchange forwards contracts.
At launch six indexes will be available, including ones focused on Europe, emerging markets and the Pacific region. The FX Hedge Indexes can also be used as the basis of index-linked investment
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