FX Week

Emerging markets funds perform well in January

MARKET NEWS

STAMFORD, CT -- Emerging markets fund managers and those using a systematic trading style outperformed the wider currency fund management community in January, according to Parker Global Strategies.

The firm's Emerging Markets Index was up 1.08% for the month -- while the Parker Index was down -0.13%. The Discretionary Index was up 0.63%, and the Systematic Index was down 0.37%.

Virginia Parker, president of Parker Global Strategies, said the rally in Turkey due to IMF approval led to the mo