Opalesque Industry Update - The Parker FX Index is reporting a -0.19% return for the month of February. Thirty-two
of the thirty-five programs in the Index reported February results, of which twelve reported positive results and
twenty incurred losses. On a risk-adjusted basis, the Index was down -0.08% in February. The median return for
the month was -0.19%, while the performance for February ranged from a high of +2.95% to a low of -5.02%. 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 February, the Systematic Index was down -0.15% and the Discretionary Index was down -0.22%. On a risk-adjusted basis, the Parker Systematic Index was down -0.06% and the Parker Discretionary Index was down -0.17%. The top three performing constituent programs for the month of February on a reported basis returned +2.95%, +1.99%, and +1.78%, respectively. The top three performers on a risk-adjusted basis returned +1.62%, +1.49% and +0.92%, respectively. The US dollar rose slightly in February on mixed economic data and as Federal Reserve meeting minutes, though positive overall, contained lingering concerns about the effects of foreign economies on that of the US. Looking ahead, managers believe that the market continues to look favorable for the USD and weaker for the Euro and JPY over time, although corrections may be seen in the short term, and commodity prices, among other headwinds, may continue to drive emerging market performance.
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Industry Updates
Parker FX Index down -0.19% for the month of February (+2.35% YTD)
Thursday, April 02, 2015
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