Tue, Oct 13, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Parker FX Index reports -1.00% in June (-1.80% YTD)

Friday, August 01, 2014
Opalesque Industry Update - The Parker FX Index is reporting a -1.00% return for the month of June. Thirty-four of the thirty-six programs in the Index reported June results, of which nine reported positive results, twenty-four incurred losses, and one remained flat. On a risk-adjusted basis, the Index was down -0.44% in June. The median return for the month was -0.90%, while the performance for June ranged from a high of +2.44% to a low of –7.10%.

In addition to the broad Parker FX Index, there are two style driven sub-indices: the Parker Systematic Index, which tracks those managers whose decision process is rule based, and the Parker Discretionary Index, which tracks managers whose decision process is judgmental. During June, the Systematic Index was down -0.83% and the Discretionary Index was down -1.17%. On a risk-adjusted basis, the Parker Systematic Index was down -0.31% and the Parker Discretionary Index was down -0.88%.

The top three performing constituent programs for the month of June on a reported basis returned +2.44%, +2.03% and +1.61%, respectively. The top three performers on a risk-adjusted basis returned +1.07%, +0.89% and +0.67%, respectively.

The US dollar fell in June as the US first quarter GDP was revised significantly downwards and as the Federal Reserve maintained its tapering pace. Meanwhile, the European Central Bank surprised investors by cutting interest rates and instituting a negative deposit rate for banks, sending the euro downward before a recovery likely led by yield-seeking investors. Looking ahead, managers believe that the market is looking favorable for the USD, but also see potential for gains in EM currencies with stronger fundamentals as global economies recover and global volatility steadies.


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Bloomberg.com: Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  2. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From Mondaq.com: The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  3. Other Voices: Why fund boards must develop a response to cyber security and financial crime threats[more]

    This article was written by Carne, an international specialist in the provision of independent governance services and European management company solutions to the global asset management industry. A recent SEC action has highlighted how concerned regulators have become about data intru

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Newsoftheweird.com: Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko