| From reuters.com: Investment analysis company MSCI Barra said on Wednesday it has launched the MSCI Global Currency Indices that are designed to help investors manage foreign currency exposure in their international equity portfolios.
The indices measure the total investment performance of foreign currencies, capturing return from two sources -- currency appreciation/depreciation, and interest earned.
The weights of each currency are set equal to the relevant country weight in the corresponding MSCI equity index.
"This unique approach to weighting the currencies allows creators of index-linked products to construct investment vehicles that can be used as an efficient and convenient way to enhance or hedge currency exposure to an MSCI Equity Index," the company said in a statement......Full Article Source |