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Parker FX Index up 1.53% in March, 3.92% YTD

Thursday, April 30, 2015
Opalesque Industry Update - The Parker FX Index is reporting a +1.53% return for the month of March. Thirty- one of the thirty-three programs in the Index reported March results, of which twenty-three reported positive results and eight incurred losses. On a risk-adjusted basis, the Index was up +0.69% in March 2015. The median return for the month was +0.90%, while the performance for March ranged from a high of +8.19% to a low of -1.80%.

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 March, the Systematic Index was up +1.85% and the Discretionary Index was up +1.22%. On a risk-adjusted basis, the Parker Systematic Index was up +0.70% and the Parker Discretionary Index was up +0.92%.

The top three performing constituent programs for the month of March on a reported basis returned +8.19%, +7.75%, and +7.52%, respectively. The top three performers on a risk-adjusted basis returned +5.53%, +5.30% and +4.19%, respectively.

The US dollar rose early in the month on strong nonfarm payroll data, partially corrected after the more dovish Federal Reserve meeting and weaker wage data, and rebounded slightly to end the month up +3.2%. Looking ahead, managers believe that the USD may see corrections in the short term, and commodity prices and central bank actions are expected to continue to drive emerging market performance.

press release

parkerglobal.com

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