What Works to Produce Sustainable Returns in Currency?
- Date: 08/02/2017
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- Joe Spearing
• Strategies for earning sustainable return in currency are more nuanced than in equities or bonds due to the absence of a “long-only” beta • We argue that there are, however, strategies to target sustainable returns in the currency space • This blog post describes growth, carry, momentum and value….
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Turkey’s Current Account: Rebalancing at Last?
- Date: 17/01/2017
11th January saw data on Turkey’s November current account released The drop off in the trade balance can be largely explained by FX effects and continued decline in Tourism revenues A careful analysis suggests that in the detail might be some much-needed good news for Turkey In August, we warned of a “nightmare”….
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A Framework for Differentiating Among Emerging Market Currencies
- Date: 16/01/2017
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- Andrew Bloomfield, CFA
How to rank the relative attractiveness of Emerging Market currencies? In this blog post we bring together various metrics that should help investors decide on the perennial question, whether or not to hedge Emerging Market currency risk. Where currencies in growth economies able to deliver a structural appreciation for those….
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FX Markets in the Trump Era
- Date: 21/12/2016
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- Andrew Bloomfield, CFA
Since the US presidential election on November 9th, markets have generally welcomed the more conciliatory tone from the President-elect Donald Trump. How might the changing economic environment affect currency hedging decisions, and what does this mean for currency returns? Since the US presidential election on November 9th, markets have welcomed….
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