The investment seeks to replicate, net of expense, the Barclays Global Emerging Markets Strategy Pegged Currency Index. The investment provides exposure to 5 currencies: Hong Kong dollar, Singapore dollar, Saudi Arabia riyal and United Arab Emirates dirham, Chinese yuan.
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Monday, June 4, 2012, 11:53 AM
CitiFX reports a new low in its Emerging Market Currency Positioning Indicator, not significant for its size, but because managers are typically net long EM. Among the largest short positions is in the real (BRL).
Comment![Global & FX]
Wednesday, May 30, 2012, 3:39 PM
Only 90 days ago warning of "currency wars" and intervening to weaken their currencies, emerging nations are now moving to prop them up even as growth concerns begin to overtake inflation worries. "Policymakers have to try and strike a very careful balance," says Standard Chartered's Callum Henderson.
1 Comment[Global & FX]
Thursday, March 29, 2012, 12:05 PM
With risk poking its head out again, emerging market currencies slide, led today by South Africa's rand (SZR) and the Hungarian forint. Both country's kept interest rates on hold last night, with South Africa's central bank sounding a bit dovish. Also hit are the Mexican peso (FXM) and India's rupee (ICN)
1 Comment[Global & FX]
Monday, March 26, 2012, 10:39 AM
Capital in search of returns is pouring into frontier market currencies, sending a host of them up more than double digits against the greenback this year. Many of these countries have not just high interest rates, but also hard commodities which get more dear as the balance sheets of Western central banks power upward.
Comment![Global & FX]
Tuesday, December 13, 2011, 11:04 AM
Mike Riddell returns from a trip to Asia with video diary actually feeling a bit better about Chinese property where he says there is no evidence of a bubble in the tier 2 and tier 3 cities. One story we may start hearing more about is Asian reliance on trade finance provided by European banks who are certain to be pulling back from the business as they deleverage.
Comment![Global & FX]
Tuesday, December 6, 2011, 2:53 AM
Asia is facing "much greater downside risks" because of the possibility of new recessions in the U.S. and EU, and the threat of destabilizing capital flows, says the Asian Development Bank. The possibility of another global financial crisis means Asian countries must have "sufficient flexibility" to rapidly adjust policies.
5 Comments[Global & FX]
Tuesday, November 29, 2011, 9:04 AM
Europe's issues are secular and global, writes Bill Gross, "reflecting worldwide delevering and growth dynamics that began in 2008." In this environment, 5% long term portfolio growth will put investors near the top of the class. Focus on the "cleanest dirty shirts" - U.S., Canada, U.K., and Oz - as well as a resource-rich EMs like Brazil.
Comment![Global & FX]
Thursday, November 17, 2011, 9:59 AM
Inflation worries have quickly been replaced in Asia, where recently hawkish central banks - Indonesia and South Korea to name two - are either sitting on their hands or beginning to slash rates as 2012 starts to look bleak. Of course, China is the gorilla, and, as of yet, hasn't begun to lift its clampdown on credit.
Comment![Global & FX]