FX Week

Sideways trading hits funds in June

Only 32% of the 59 programmes in the Index were up for the month – taking the Index for June down to -1.32.

"June was another month for sideways trading, like nearly all of 2004," said Jens Kothes, partner at Compucom Finance in Zurich – the top performing fund for the month, which was up 3.27%.

The firm said most of its profits were generated in just three days from a long US dollar position between June 8 to June 11. During that period the dollar strengthened from 1.2269 to 1.2006 against

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: