Parker FX: currency funds up in November
Following a lacklustre October, the index was back in the black
The top-performing currency manager globally, measured by the Parker FX Index, achieved returns of 7% during the month of November 2015. The worst performer made a loss of 3.16%, while the index as a whole saw an average return of 0.87% month-on-month on the back of a rising US dollar, bolstered by the expectation of the Federal Reserve hiking rates in December.
Sustained by encouraging US fundamentals, this expectation gathered pace in November. The return of risk appetite to the markets over
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