Indices: Indices tapping into growing demand for FX

The launch of further FX indices by Citi and Axa underlines the acceptance of FX as an asset class, which has attractions across the entire investment spectrum.

Andrew Dales, Axa: delivering portable alpha

Although aimed at slightly different segments of the investment community, new index products from Citi and Axa are both intended to allow investors to access alpha from foreign exchange speculation. Citi’s product, which it calls its Advanced Alpha FX Indices, has been developed in conjunction with Deutsche Börse. The bank says that the product follows the successful acceptance of its Beta1 range of indices, which it launched in early May.