FX Week

Bond investors take up currency overlay

Managers contributing to a currency risk discussion in FX Week's sister publication Investment Week said it is now just as important to apply the tool to bond portfolios, because currencies are comparatively much more volatile than bonds.

"There is a big difference when looking at currencies for bonds or equities," said Bruno Crastes, chief investment officer at Credit Agricole Asset Management in London. "For bonds, you have to segregate the currency management from the bond management becau