Opalesque Industry Update - The Parker FX Index is reporting a -1.52% return for the month of June. Thirty of the thirty-two programs in the Index reported June results, of which five reported positive results and twenty-five incurred losses. On a risk-adjusted basis, the Index was down -0.68% in June 2015. The median return for the month was -1.19%, while the performance for June ranged from a high of +3.59% to a low of -7.27%. 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 -1.34% and the Discretionary Index was down -1.70%. On a risk-adjusted basis, the Parker Systematic Index was down -0.51% and the Parker Discretionary Index was down -1.29%. The top three performing constituent programs for the month of June on a reported basis returned +3.59%, +0.97%, and +0.46%, respectively. The top three performers on a risk-adjusted basis returned +1.26%, +0.72% and +0.42%, respectively. The US dollar was down in June as the Fed kept policy unchanged but appeared to have a more cautious tone. June also saw Greece and the EU fruitlessly negotiating on debt repayment, finally defaulting on June 30 and pushing talks into July. Looking ahead, managers believe that the USD remains favored in the long term, short term performance is expected to be characterized by volatility, and commodity prices and central bank actions are expected to continue to drive emerging market performance. Press release Bg |
Industry Updates
Parker FX Index returns -1.52% in June, +1.52% YTD
Thursday, July 30, 2015
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