Asian currencies boost FX funds in December

NEWS

STAMFORD, CT -- Moves in the Asian currencies against the yen proved profitable for currency managers in December, according to the latest figures from Parker Global Strategies.

The firm, which produces an index tracking currency fund managers’ returns, was up 4.95% in December, while the firm’s separate index tracking emerging markets funds was up 2.24%.

Virginia Parker, president of Parker Global Strategies, said: "December was another good month for most emerging market managers. Managers

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