More new products for FX as an asset class: Credit Suisse

Backward testing has shown returns of 17.1% per annum with an annual realised volatility of 7.8% over the past eight years.

I wrote last week that there was a stream of new products being launched, all designed to increase the attraction of FX as an asset class. In my haste to meet my deadline, I forgot to mention that Credit Suisse had launched what it calls its rolling optimized carry indices (ROCI), though I know it may seem inconceivable that I could do so, given the products’ snappy name. This week, with my tail slightly between my legs, I will make amends.

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