Many banks already offer investable indices, but Parker Global Strategies says its new product is an innovation that will ultimately lead to far wider acceptance of foreign exchange (FX) as an asset class. Parker, in partnership with BlackTree Investment Partners, the London-based investment management firm, has created the Parker BlackTree Currency Indices (PBCI).
“We’ve created an index which we think is unique, as it combines manager and model-based programmes. This seems to create a more robust benchmark,” says Ginny Parker, founder and chief investment officer of Parker.
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