INVESTOR INTEREST IN currencies shows no signs of abating so far this year. With projected returns in other asset classes showing few indications of improvement, currency funds have emerged as an attractive investment alternative. Although active currency management is not a new concept, the proliferation of currency-only funds over the past year has fostered many different investment styles. “The most aggressive growth we’ve seen is clients seeking total return,” says Matthew Cobon, director of currency fund management at Deutsche Asset Management.
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