The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

FX news: Parker FX Index for January

Data from Parker Global shows that meaningful returns from FX funds are still difficult to generate.

The overall Parker FX Index is reporting a –1.01% return for the month of January from the 62 programs surveyed (only 19 reported positive results, 42 incurred losses and one was flat.)

The sub-indices show that, with the lack of a real trend to follow, black boxes are having a hard time: the systematic index was down 1.93%, whereas the discretionary index declined 0.09%.

Since inception (January, 1986) the overall index is up an impressive +11.60% on an annualized basis; the figures for the systematic and discretionary approaches are +11.79% and +9.57%, respectively. The last two years show that the FX alpha game is getting harder – the overall index is up a mere 0.90%, the systematic index 0.58% and the discretionary 1.19%. Hardly worth getting it out from under the mattress.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree